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 is on a downward move. The price broke level 1.2600 to resume the downward move. Nonetheless, on February 16 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall […]
STELLAR Price Analysis – February 24 The price will reach $0.22 and $0.16 provided the support level of $0.33 does not hold. In case the $0.33 holds, the price may increase to the resistance level at $0.50 and $0.57 if the $0.42 level permits. Meanwhile, the relative strength index period 14 is at 40 levels […]
Key HighlightsEthereum slumps to $1,386.36 low and resumes upwardThe crypto has resumed upward and targets the $2,000 Ethereum ETH) Current StatisticsThe current price: $1,629.44Market Capitalization: $187,011,986,101Trading Volume: $50,431,709,770Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis February 24, 2021 Following the recent breakdown on February 20, the biggest altcoin […]
US Federal Reserve Chief Powell gives testimony on monetary policy before Congress. “The economy is still far from meeting its inflation and employment targets,” Powell said. His prepared remarks before addressing Congress also confirm that the outlook has improved. In a semi-annual testimony, Fed Chairman Jerome Powell admitted that “the number of new (coronavirus) cases […]
Moneygram International announced yesterday that it has halted operations on Ripple’s platform. The news came with the company’s Q4 and 2020 earnings report. In its outlook for the first quarter of 2021, Moneygram noted that it “is not planning for any benefit from Ripple market development fees in the first quarter,” adding that “due to […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BearishUS Wall Street 30 is in an uptrend. The uptrend is being interrupted at level 31600. The index is presently retracing from the recent high. The price is now testing the 21-day SMA. The upward move will […]
USDCHF Price Analysis – February 23 USDCHF has been outperforming during the European session breaking the above-known barriers. The pair emerges from lows at 0.8949 level while sustaining its upside run past the 0.9000 level. At the moment, US Dollar Index (DXY), is down 0.1% on the day after it rose to a daily high […]
The “no boring days in crypto” trope appears to have gained more validation over the past 24 hours. Just a few hours after Bitcoin (BTC) recorded a new all-time high at $58,480 and seemed to be waxing stronger on its bullish momentum, the benchmark cryptocurrency got racked with one of the sharpest declines in its […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF is in a strong uptrend. The bulls have finally broken the resistance at level 1.0850 which has been holding since November 2020. The price has risen above level 1.0900. Meanwhile, on February 8 uptrend; a retraced candle body tested […]
