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.
BNBUSD Price Analysis – January 15 In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, the price may decline further to test the $31 and $27 support level. Inability to break down the support level of $37, the bullish […]
Key Resistance Zones: 27200, 27600, 28000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 has been in an upward move. Presently, it is facing rejection at level 29000. The index has retraced to level 28167.70. The upward move is likely to resume as the price action is indicating an upward move […]
Germany stocks traded higher on Thursday, as Transportation and Logistics, Industrials, and Media sectors saw significant gains. At the close of the market yesterday (Frankfurt time), the DE30EUR (DAX) grew by about 0.4%, while the MDAX and TecDAX rallied by 0.87% and 0.08%, respectively. The best performers under the DAX were Volkswagen (DE: VOW3), which […]
Key Resistance Zones: 3500, 3600, 3700Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BullishSHCOMP is in an upward move. The index rallied to level 3600 and pulled back. SHCOMP has fallen and it is resuming upward, retesting the resistance level. A break above the resistance will mean an upward movement […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move. Since January, the market has been in an upward move. On January 11 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the Yen will […]
Forex markets tend to stay in a tight range in today’s session. The dollar rallied moderately, even as Fed Chairman Jerome Powell opposed the cancellation of the stimulus. The yen is also strengthening, while commodity currencies are slightly lower. At the end of the week, the pound sterling remains the strongest, followed by the Canadian. […]
EURJPY Price Analysis – January 15 The common European currency has declined versus the Japanese Yen for 6 days in a row at the same time to sub 126.00 level while exiting the week in a negative zone. The currency pair is exchanging under the moving average of 5 and 13. The upside potential against […]
USDCHF Price Analysis – January 15 The USDCHF pair is on the path to probe the 0.8918 December highs. The upside traction awaits a break of 0.8920 barriers and above would open the path towards the mid 0.9000 level. Recent fundamentals of President-elect Biden’s fiscal plan underlines the negative backdrop for USD that lies ahead. […]
The recent announcement that President-elect Joe Biden is considering a $1.9 trillion stimulus package has swept the momentum out of the tech-heavy Nasdaq 100 (NDX), at least in the near-term. The index has fallen by about 2% from its recent all-time high at 13110 on January 8, as the possibility of additional stimulus measures sends […]
