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.
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BullishAustralia 200 is making an upward move. A retraced candle body tested the 78.6% Fibonacci retracement level. The index has already risen to level 1.272 Fibonacci extension but yet to reverse,. Daily Chart Indicators Reading:The 21-day SMA and the […]
Bitcoin (BTC) has continued to attract multiple investments from institutional investors over the past few months. The latest corporate investor to hop on the Bitcoin train is a Connecticut-based hedge fund that majors in volatile investments—One River Asset Management. The Chief Executive Officer of the firm, Eric Peters, announced that the company established a separate […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe pound has been falling for the past three days. It fell to level 0.89800 and pulled back. The current support is having strong buying pressure. It appears the selling pressure has been exhausted. Daily Chart Indicators Reading:The 50-day and […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe pair is now in an upward move. The market is in a strong uptrend. On November 9, a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair is likely to rise to level […]
The EUR/AUD traded on a bearish momentum in the European session on Thursday, as volatility across markets picks up. Negotiations between the European Union and the UK over a Brexit trade deal appears to be making good progress. However, both sides remain adamant over the fishery sector, a sensitive issue for both parties. Nonetheless, the […]
AUDUSD Price Analysis – December 17 The AUDUSD propels to a session high past 0.7620 during the European session while extending its four-day in a row winning traction. The US stimulus progress is responsible for the US dollar’s slide and may be mainly attributed to the optimism over the progress on a US $900 billion […]
EURUSD Price Analysis – December 17 The major European currency rose to a new 2020 high, surpassing 1.2220 during the London session, continuing its gains for four days in a row. A combination of supporting factors pushed the pair towards the 1.2200 marks, such as progress in stimulus talks and Brexit talks, which are responsible […]
Price Analysis – December 17 Further increase in the bulls’ pressure will increase the price to the $3.3 resistance level; the bullish momentum may extend to $3.7 and $4.4. However, the support levels below the current price can found at $3.0, $2.7, and $2.4. Key Levels: Resistance levels: $3.3, $3.7, $4.4 Support levels: $3.0, $2.7, […]
XRP/USD Market December 17 In case the bulls were able to maintain their pressure and sustain the price above the $0.55 level, then, $0.63 price level may be reached. Should the bears push down the price to penetrate the $0.55 and the price close below it, the bearish trend may continue and the support level […]
