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.
Bitcoin (BTC) is set to close its first weekly candle for the new year on a very bullish note, as the benchmark cryptocurrency records a fresh all-time high on Friday. BTC hit the $42k price tag for the first time in history before retreating lower over the ensuing hours. This rally came about shortly after […]
BNBUSD Price Analysis – January 08 Inability to break down the support level of $37, the bullish trend may continue to target the resistance levels at $41, $44, and $48. 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, […]
Key HighlightsLINK has a target price of $22 if the current resistance is breachedThe crypto recovered after a breakdown to $14.05 low Chainlink (LINK) Current StatisticsThe current price: $15.62Market Capitalization: $15,614,066,289Trading Volume: $2,520,246,649Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis January 9, 2021Today, LINK is falling after rejection from […]
Key Resistance Zones: 27200, 27600, 28000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 has been on an upward move. The price is now in the overbought region as the market will soon reverse. The RSI is at level 74. Despite the overbought condition, the bulls have broken level 28000 as […]
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 June. For the past two days, the Yen has been correcting upward against the downward move. If the Yen breaks the SMAs, the upward move will continue. The uptrend is […]
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 bulls have broken level 3500 as the price reached the high of 3576.205. The index is facing rejection at level 3600 resistance zone. The index has no more room to […]
EURJPY Price Analysis – January 8 The EURJPY cross trades on the defensive after sellers overpowered buyers at 127.50 level. Everything being equal, the EURJPY exchange rate could continue to range during the following trading session. Key LevelsResistance Levels: 128.67, 127.50, 127.07Support Levels: 126.00, 125.00, 123.90EURJPY Long-term Trend: BullishThe exchange rate fell from 127.50 barriers […]
Wall Street saw a significant bull rally on Thursday, causing the top indexes to record new all-time highs. The rally came on the back of the recent Georgia Senate runoff, which saw Democrats win both seats. The ‘Blue Wave’ outcome means that the Biden administration will control both the White House and Congress, which will […]
USDCHF Price Analysis – January 8 USDCHF eases from 0.8884 high, also the intraday top, to 0.8847 during early Friday. Even so, the quote prints 0.06% gains on a day while maintaining mild gains at the upside. USDCHF is trading around 0.8858 as rising US yields boost the dollar. Tension mounts toward US Nonfarm Payrolls […]
