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.
Adamu Lamtek, a senior official at the Central Bank of Nigeria (CBN), has denied claims that the bank restricted the use of cryptocurrencies. Instead, Lamtek noted that the institution’s directive applied to the banking sector only. This statement by Lamtek, who was speaking on behalf of CBN Governor Godwin Emefiele, is coming a month after […]
XAGUSD Price Analysis – March 21 The prior week’s price action has confirmed Silver (XAG) to be constrained within a sideways run within and above the $26.00 zone. The XAGUSD pair is attempting to safeguard its gains after its rebound from the Mar. 5 lows at $24.83 levels. In the new week, the Silver market […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD pair is making a series of lower highs and lower lows. On March 5 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Kiwi will fall to level 2.618 Fibonacci extension . […]
Following a brief retest of the $60k area yesterday, Bitcoin (BTC) has fallen off a cliff by more than $4,000, dragging the entire cryptocurrency market along. The latest correction occurred over the past 24 hours but has since recovered above the $56k level. According to a report by Glassnode, the number of whales holding at […]
Key Resistance Zones: 14000, 14100, 14200Key Support Zones: 13400, 13300, 13200 NASDAQ 100 (NAS100) Long-term Trend: BullishNAS100 index is in an uptrend but it is currently retracing. The index may further decline. On February 23 downtrend, a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that the NAS100 index will […]
Key HighlightsEther faces rejection from $1,880The crypto may further decline to $1,735 Ethereum ETH) Current StatisticsThe current price: $1,794.91Market Capitalization: $206,243,886,534Trading Volume: $25,415,069,409Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis March 21, 2021 Yesterday, the bulls retested the $1,880 resistance zone which caused Ether to decline to $1,777.20 […]
“However, it is pleasant to win over the long term. Contrary to popular opinion, losses are part of winning. Take sports for example.” – Markham Gross A drawdown is the peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and […]
The USD/CAD traded higher in the European session on Friday but erased its daily gains and fell below the 1.2500 support at the open of the US market, as the fundamental scene remains erratic. The loonie got hit badly on Thursday following a sharp decline in crude oil prices. With the price of crude oil […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downward move after the rejection from $68 high. The price has fallen to the low of $58.25. The price has broken the 21-day SMA and it is approaching the 50-day SMA. The selling pressure will persist if price […]
