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.
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe pair has resumed an upward move. The uptrend is ongoing. On January 11 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the USD/JPY will rise and reach level 1.618 Fibonacci extensions or […]
Wall Street recorded significant gains overnight as President Joe Biden’s transition into power improved the prospects for additional fiscal stimulus measures and other government activities to combat the negative effects of the coronavirus pandemic. Before this, Treasury Secretary nominee Janet Yellen expressed her support for the new president’s $1.9 trillion fiscal stimulus spending plan and […]
EURJPY Price Analysis – January 22 EURJPY remains bid in the upper end of the recent range beyond 126.00 level while renewing its upside bias towards the level at 127.07. The pair’s upside move continues at the end of the week against the backdrop of the prevailing risk appetite trend in the global markets. Key […]
USDCHF Price Analysis – January 22 The US dollar retreated against the CHF and may become more broad-based at the end of the week. As a result, USDCHF sellers seem to storm a retest of low regions comprising multiple levels to Jan 6 low around 0.8757 level. The dollar weakens as investors keep a tab […]
Two JPMorgan strategists—John Normand and Federico Manicardi—issued a report recently, noting that Bitcoin (BTC) is more of a risk-on asset than a hedge against erratic markets. The duo remarked in the report that Bitcoin was the “least reliable hedge” in bear markets. In March 2020, during the Black Thursday crash, coronavirus-induced panic triggered a massive […]
Price Analysis – January 21 When the daily bearish candle closes below the $2.7 level; the price may decrease to $2.4, $2.1 and $1.7. In case the bulls defend the support level of $2.4, the resistance level of $2.7. $3.0 and $3.3 may be the targets. Key Levels: Resistance levels: $2.7, $3.0, $3.3 Support levels: […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trends: BullishAU200AUD is in a sideways move below level 6800. The index has broken above level 6800. On January 20, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the AU200AUD will rise to level […]
The euro is recovering moderately early in the US session after the ECB said the downside risks to the economic outlook were less pronounced. However, it remains one of the worst of the week, along with the dollar, yen, and Swiss franc. The dollar is still under pressure after worse-than-expected jobless claims data. The Canadian […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishSince January 7, EUR/GBP has been falling and it has reached the low of level 0.8851. On January 14, downtrend, a retraced candle body tested the 88.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level […]
