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.
USDCHF Price Analysis – January 26 USDCHF has been stabilizing beyond mid 0.8800 extending its recovery moves towards 0.8900 level during the European session on Tuesday. Amid the unstable market sentiment, the risk-off mood bolsters the US dollar strength and the quote’s upside advance. Key LevelsResistance Levels: 0.9187, 0.9093, 0.8998Support Levels: 0.8858, 0.8746, 0.8639USDCHF Long […]
S&P 500 Price Analysis – January 26 The risk sentiment took a fresh on S&P 500 as it probes recent lows in the 3830 vicinity deepening losses to the tune of 0.60% while heading towards 3800 levels. US Senate Majority Leader Chuck Schumer raised doubts over the swift approval of President Joe Biden’s $1.9T fiscal […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair has been in a sideways move as it fluctuates between levels 1.0750 and 1.0860. EUR/CHF has been in a downward move as it fell to level 1.0750 on January 15. The market is moving up to retest level […]
Since its inception in 2009, people have wondered if Bitcoin (BTC) could become a standard electronic peer-to-peer cash system, as intended by Satoshi Nakamoto. However, some have asserted that the cryptocurrency’s erratic volatility will make this ambition impossible. That said, a recent report shows that the Bank of Singapore shares this belief as well. The […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishEUR/GBP has been trading marginally in a downward move. The market has not shown significant price movement. On January 14, downtrend, a retraced candle body tested the 88.6% Fibonacci retracement level. The retracement indicates that the pair will fall to […]
The GBP/CHF traded on a sideways momentum in the mid-European session on Monday and was last spotted trading at 1.2128, as the pound came under renewed pressure. One of the major factors weighing the pound down is the UK’s delay in distributing the second jab of the COVID-19 vaccine. The world’s leading nation in mass […]
EURUSD Price Analysis – January 25 Earlier on Monday fresh optimism propelled the EURUSD to the 1.2183 level with some retreats to the 1.2140 mark for further positive traction as the pair acts to preserve its intraday gains. The pair met fresh supply on downbeat German IFO data, heading past the prior day’s low at […]
Gold (XAU/USD) traded on a slightly bearish tone in the early European session on Monday and was last spotted trading around the $1850 area. The yellow metal failed to capitalize on the previous session’s rebound from the $1832 level but instead resumed a bearish decline in the new week. The drop got sponsored by an […]
XAGUSD Price Analysis – January 25 The precious metal market is mixed as Silver (XAGUSD) bulls and bears tussle into a phase of consolidation at the mid $25.00 level, having rebounded from prior sessions plunge to the $25 mark. Markets are on the rise as the Biden administration pushes for stimulus ahead of the Fed […]
