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.
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 […]
Key HighlightsEthereum breaks $620 resistance and rallies to $648The biggest altcoin is falling as it reaches the overbought region Ethereum (ETH) Current StatisticsThe current price: $637.70Market Capitalization: $72,566,811,029Trading Volume: $18,700,110,105Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis December 17, 2020Ethereum bulls have broken the $620 resistance level. Buyers […]
The dollar is trading generally softly today amid strong risky markets. But overall, most major pairs and crosses are limited to last week’s range. Optimism pushed the dollar down during the first half of the day. Hopes were on the US stimulus package and the post-Brexit trade deal. The dollar rallied temporarily following a decision […]
2020 continues to bring more institutional investors for Bitcoin (BTC), as Ruffer joins the trend. Ruffer Multi-Strategies Fund, a UK-based investment company, has earmarked 2.5% of its portfolio for Bitcoin. The company controls about $620 million in assets under management, putting its BTC investment of about $15 million. The firm noted that the Bitcoin purchase […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFrance 40 index is in a sideways move below level 5600. The price is consolidating above the SMAs but below the resistance at level 5600. A break above the resistance will compel the index to resume an uptrend. The […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair is gradually making an upward in a sideways trend. On December 1, the uptrend was resisted at level 1.0850. The pair fell to level 1.0760 and resumed upward. EUR/CHF is moving up but faces resistance at level 1.0800. […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie has been in a downward move. The downtrend is likely to continue. On November 9 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to level 1.618 Fibonacci […]
Gold (XAU/USD) capitalized on its intraday goodish climb and has now reached a new seven-day high of around $1865 in the early European session on Wednesday. The bullish move was sponsored by the persistent selling around the US dollar (DXY), which tends to bolster the dollar-denominated commodity. The greenback remained near a 30-month low as […]
GBPJPY Price Analysis – December 16 GBPJPY increases at the day’s start, up 0.08% intraday, as markets in the European session continues rev for Wednesday’s trading. The buying interest around the British pound picked up the pace and propelled the GBPJPY cross to two-day highs around the 139.79 regions. Britain and the European Union agreed […]
