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 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 […]
EURCAD Price Analysis – December 16 EURCAD is currently trading between moving average 5 and 13 after a bounce past the 1.5500 level during the European session on Wednesday. CAD appears to have received dents from comments of the BOC deputy governor that economic recovery is at a very difficult stage as rising Covid-19 infections […]
Key HighlightsThe crypto now fluctuates between $80 and $84A possible retest of the overhead is likely Litecoin (LTC) Current StatisticsThe current price: $81.33Market Capitalization: $5,384,495,588Trading Volume: $3,781,505,673Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis December 15, 2020Litecoin is trading at $82 as it attempts to retest the $90 […]
Bitcoin (BTC) and other altcoins have been trading on a mixed sentiment for a while now, as investors struggle to get any clarity on the crypto market’s next move amid the presence of intense volatility. Last week, Bitcoin plunged as low as $17,600 before finding some support, which sent it on a rebound. Last night, […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. On November 24, the index rallied to level 22500. The market has been consolidating below the resistance since November 24. The uptrend will resume if the bulls break the current resistance. The resistance […]
ADA Price Analysis – December 15 Should the bulls increase their momentum and push the price above the resistance level of $0.16, then, $0.17 and $0.19 may be tested. In case the price is rejected at the $0.16 level, price consolidation may commence. The support level can be found at $0.13, $0.11, and $0.10 levels […]
The latest set of economic data indicates that China’s economic recovery continues. Industrial production growth improved slightly, while investment in manufacturing accelerated due to strong export growth. Retail sales growth accelerated, which indicates a recovery in domestic circulation. USD/CNH is recovering gently as the trading range expands from 6.4960. Downward momentum is shrinking. But the […]
