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.
Grayscale recorded its best year in 2020 yet with massive allocations, mostly from institutional investors, despite the dramatic events that plagued that year. The cryptocurrency investment fund posted record-breaking numbers in the first three quarters of 2020 and profoundly better reports in Q4. The firm reported that the total investments in the last three months […]
Sterling finished the week with the best result. But the late sell-off and rejection of resistance to the dollar and yen suggest that the latter two are leaders. The weakness was visible in the euro, the New Zealand dollar, and, to a lesser extent, the Australian dollar. The dollar could be an additional argument in […]
GBPUSD Price Analysis – January 17 The GBPUSD is trading under the 1.3500 marks after the pair lost upside traction in the prior session. The pervading sentiment suggests there is still some downside move before the pair advances again. UK PM Boris Johnson announced new travel restrictions starting on Monday. Key LevelsResistance Levels: 1.3800, 1.3700, […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 is in an upward move. Presently, the index is falling after reaching level 31200. The price has fallen and it is testing the 21-day SMA. The index will resume upward if the current […]
XRP/USD Market January 17 An increase in the bulls’ pressure may push the price to penetrate the resistance level of $0.28 level; the price may increase to $0.39 and $0.49. In case the resistance level of $0.28 holds, the price may reverse and the support levels of $0.21, $0.17, and $0.15 may be tested. Key […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is retracing after rejection from the recent high. The share has retraced to level 6735.70. There is a likelihood of further downward move. The RSI is in the uptrend zone at level 58. UKX is likely to retrace to […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi has resumed a downward move after rejection from level 0.7300. The pair fell to level 0.7100 and corrected upward. The downward move has resumed after breaking below level 0.7200. The price has broken below 21-day SMA and a […]
“But you never know! It could turn out to be a great trade.” – Joe Ross Before you open that trade, what are your aims and ambitions as a trader? Although the markets do not offer guarantees, why are you placing this trade?Before you open that trade, note that your trading system is not perfect. […]
The cryptocurrency industry is taking no breaks in its erratic moves. The past few weeks are testimony to this fact. Over the past few hours, Bitcoin (BTC)—and many altcoins—have recorded yet another erratic session, leading to significant liquidation across the board. Reports show that about $400 million worth of both long and short positions have […]
