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 12 The USDCHF pair rebound continues to the upside but pauses temporarily under the 0.8920 level after rallying as high as the 0.8916 level. The major factor hurting risk assets on the day has been the rise in US real and nominal bond yields which continues to dictates pace. Key […]
ADA Price Analysis – January 12 Should the buyers gain enough momentum and the daily candle closes above $0.34 level, ADA/USD may increase to $0.38 – $0.45. In case the sellers defend the $0.34 level, the bears’ pressure may likely reduce the price. However, the next support levels can be found at $0.27, $0.24, and […]
S&P 500 Price Analysis – January 12 S&P 500 alternates around 3801-3816 levels, up 0.19% intraday during early Tuesday, and fails to extend the prior day’s pullback from a recent high of 3831.4 level. The uncertainty over US President Donald Trump’s reign joins the coronavirus (COVID-19) woes to weigh on risks. Key levelsResistance Levels: 4000, […]
Key HighlightsLitecoin slumps to $121 low and resumes upwardThe altcoin will further decline to $73 if the support at $120 cracks Litecoin (LTC) Current StatisticsThe current price: $144.63Market Capitalization: $9,613,048,370Trading Volume: $12,189,426,086Major supply zones: $120, $140, $160Major demand zones: $90, $70, $50 Litecoin (LTC) Price Analysis January 12, 2021Litecoin has fallen to $120 low as […]
Key HighlightsBCH price breaks the previous price range of $400 and $440BCH reached a high of $632 but pulled back Bitcoin Cash (BCH) Current StatisticsThe current price: $469.53Market Capitalization: $9,879,773,209Trading Volume: $15,145,201,500Major supply zones: $400, $420, $440 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis January 11, 2021The altcoin rallied to $640 […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishGermany 30 is in an upward move but it is facing resistance at level 13800. Since January 8 the index has reached an overbought region of the market. The RSI has indicated that the index has no room to […]
Today has been a very volatile day for Bitcoin (BTC), albeit in favor of bears. The benchmark cryptocurrency tumbled by more than $11k, or 26%, to record a daily low at $30,250. BTC’s bearish nightmare began after it hit $42k for the first time. However, some analysts have highlighted four possible factors behind the recent […]
The rebound of the dollar continues today and remains stable at the beginning of the American session. The yen is the second largest. Markets are curtailing recent strong risk sentiment amid fears of near-term deterioration in the spread of coronavirus and restrictions. Commodity currencies tend to be the weakest right now, led by the Australian […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingThe pair has been in a sideways move between levels 1.0730 and 1.0850 since December. Today, the price is falling after testing level 1.0840. The pair is falling but has found support above the 50-day SMA. The downward movement will […]
