Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.
XAGUSD Price Analysis – February 1 The white metal’s spot price has surged from under $27 during Monday’s European session into the American morning session past the $30 level, marking a nearly 20% rally on the day. Silver is being driven higher for the 3rd day in a row by a continuation of strong retail […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP has continued its downward move. The selling pressure has reached the low of level 0.8832 but the price is fluctuating below level 0.8850. The downtrend will continue if the current resistance is not breached. Also, the pair will […]
Gold (XAU/USD) traded on a bullish sentiment through the mid-European session on Monday, as investors rode on the massive gains in the silver (XAG/USD) market. However, gold remained confined within last week’s highs amid a goodish bounce in the US dollar, which tends to undermine demand for the dollar-denominated commodity. Gold remained range-bound for the […]
GBP/CHF resumed its bullish momentum in the early European session, as the GBP picks up demand and market mood soars. Meanwhile, the pound is likely to gain more traction as the European Union holds off from putting the UK on the export restriction list. President of the EU Ursula Von Der Leyen’s recent comment about […]
Key HighlightsEthereum consolidates above $1,300 Ether has strong buying pressure above $1,200 Ethereum ETH) Current StatisticsThe current price: $1,316.62Market Capitalization: $151,910,683,082Trading Volume: $27,636,629,137Major supply zones: $1,500, $1,600, $1,700Major demand zones: $600, $500, $400 Ethereum (ETH) Price Analysis February 1, 2020 For the past week, Ethereum is trading between $1,200 and $1,440. The price action is […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: Bearish US Wall Street 30 is in a downward move. The index has fallen to the low of level 29870.40. The last candlestick is showing a long tail indicating strong buying pressure at a lower price level. […]
According to Raoul Pal’s Global Macro Investor Report, Bitcoin (BTC) will likely grow by 10x from its current market capitalization by October 2021. Raoul’s GMI model utilizes Metcalfe Value to make forecasts and currently proposes that the benchmark cryptocurrency is significantly undervalued. GMI’s model uses Metcalfe Value to make the prediction and currently suggests the […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 has fallen to level 6407.50 after breaking below the moving averages. In such a breakdown, the downtrend is likely to continue on the downside. At other times, the market will pullback and resume upward. In a similar price action […]
The coronavirus continued to hit the world in the past week. Boris Johnson, UK Prime Minister said he hoped it would be safe to reopen schools on March 8 as the country remains isolated. France closed its borders to all non-European countries. In the US, President Biden said Congress needs to act immediately on his […]
