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 EUR/AUD traded through the early European session on Thursday in a sideways manner, as the pair reels from its recent bull run. The European Union reported yesterday that the Euro Area Unemployment Rate dropped from 8.5% in September to 8.4% in October, just as analysts predicted. According to a BK Asset Management official, Kathy […]
AUDUSD Price Analysis – December 3 The AUDUSD pair managed to reverse an early session dip to the 0.7400 level, albeit lacked any follow-through and stays around the recent swing highs. The downtick lacked any obvious fundamental catalyst and was quickly bought into amid a softer safe-haven USD sentiment. Key LevelsResistance Levels: 0.7620, 0.7500, 0.7436Support […]
EURUSD Price Analysis – December 3 EURUSD has maintained an upside rally following the breach above the 1.2100 level and it’s poised to reach the 1.2150 level. The pair has been influenced by two main market drivers from the recent covid-19 vaccine breakthrough and the US fiscal stimulus package. All in all, it seems like […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is now in an upward move. The pair has broken the resistance at level 77.0 and it is approaching the high of level 78.0. On November 9, a retraced candle body tested the 61.8% Fibonacci retracement level. […]
The long-term bullish prospects of Bitcoin (BTC) have just gotten a boost, following investors’ latest stance on the long-dated Treasury notes. According to a recent Wall Street Journal report, investors expect the Federal Reserve to begin a long-term US bond-buying campaign, after its next policy meeting in December. This is as a result of the […]
Key HighlightsEthereum faces another rejection at $620 highEther targets the high of $838 Ethereum (ETH) Current StatisticsThe current price: $596.62Market Capitalization: $68,011,842,808 Trading Volume: $17,091,672,759Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis December 2, 2020On December 1, Ether recovered from the earlier breakdown to retest the $620 overhead resistance. […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFR40EUR index is in an upward move after a sideways trend. The index is currently facing resistance at level 5600. Presently, the price is fluctuating between level 5500 and 5600. Daily Chart Indicators Reading:The index is currently at level […]
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 has risen to level 1.0822 and it is facing resistance at the recent high. The bullish trend has been exhausted as the pair faces rejection at level 1.08600. The pair is yet to trend as it fluctuates between […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD has been in a downward move. The downward move 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 […]
