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.
The Uzbekistan government has issued a warning to its citizens to desist from trading cryptocurrencies. The restriction was instructed by the National Project Management Agency of the country, which prohibits citizens from trading even on prominent exchanges. The news was published by a local media house on the 25th of December. This announcement left the […]
This week there will be just a couple, not all that significant financial indicators, since trading is shortened because of the Christmas holidays, and the holiday hangover won’t clear up until the second week of January. Fully expecting the year’s end, we hope to see profit-taking in American stocks after their sharp increase over the […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $40, $30, $20 XMR/USD Price Long-term Trend: Bearish Monero is still in a bear market. The coin has been trading above the $45 support since November 25. Monero is falling and making a series of lower highs and lower lows. On November 25, the coin traded […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish Litecoin is in a bear market as the coin recovered from its last bearish move. On December 18, the coin sank to the low of $36 and moved up. LTC moves up to the high of $43 […]
USDCHF Price Analysis – December 24 The USDCHF pair recorded a small daily gain on Monday and entered the consolidation phase on Tuesday, as the markets seem to be already in a festive mood. At the time of writing, the pair remained unchanged at 0.9817 level. Key Levels Resistance Levels: 1.0231, 1.0027, 0.9876 Support Levels: […]
The Chinese yuan was unaffected after Prime Minister Li Keqiang said that the administration was thinking about additional measures to reduce corporate finance costs, and referred to a “targeted” reduction in the required reserve ratio of banks. Offshore yuan last exchanged at 7.007. While the euro fell on Tuesday, returning to a fourteen-day low, the […]
Chinese media house, CCTV, announced on the 22nd of December that the Chinese authorities have confiscated about 7,000 cryptocurrency mining machines, which were reported to be illicitly expending power in the country. The arrogation of the machines was a product of a routine inspection of properties in the area. In total, 70,000 homes, 3,060 vendors, […]
EURUSD Price Analysis – December 23 The EURUSD pair rose in the US session and showed a new daily high at 1.1095, remaining below the level of 1.1100. It stays near the top on a quiet day ahead, while price movement is expected to remain low ahead of short holidays. Key Levels Resistance Levels: 1.1280, […]
Popular Chinese Blockchain firm, Nuls, tweeted from its official Twitter handle on the 22nd of December that it had been hacked and had lost about $480,000 (in NULS coins). The firm explained in the tweet that it noticed that 2 million coins had been stolen from its storage and about 549,000 of those coins (valued […]
