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: 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 […]
GBPJPY Price Analysis – December 2 GBPJPY trades beneath 140.45 level after the EU’s Barnier said that a Brexit deal hangs in the balance and that three issues remain open. The pair trim gains at 140.45 level while easing to 139.33 level, down 0.01% intraday, during the European session on Wednesday. Key LevelsResistance Levels: 142.71, […]
Gold (XAU/USD) traded higher on Wednesday for the second consecutive session as investors picked up on the positive sentiment induced by the recent passing of a US fiscal stimulus package. However, a follow-through bullish surge got impeded by the U.K.’s authorization of the Pfizer COVID-19 vaccine for public use. The recent weakness in the US […]
EURCAD Price Analysis – December 2 After the upside breach in EURCAD to 1.5636 early Wednesday’s European session, the price put in an impulsive move lower due to a corrective pullback. Sellers’ activity pushed the EURCAD beneath the 1.5600 level which may be followed by more impulsive buying. The Canadian Dollar was recently boosted by […]
XRPUSD Price Analysis – December 02 In case the bears increase their momentum and the daily candle close below the support level of $0.61, the price may drop to the support level at $0.55, and $0.49. On the other hand in case the support level of $0.61 holds, then, the price will continue its bullish trend […]
ADA Price Analysis – December 02 The price may reach the support level of $0.10 provided the bears were able to push down the price to penetrate the support level of $0.13 and $0.11. Above the current price level, resistance levels are found at $0.15, $0.17, and $0.19. ADA/USD Market Key Levels: Resistance levels: $0.15, […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 is in an uptrend. The index has broken the range-bound levels. It has reached a new high of level 22400 before pulling back. The index has resumed upward to retest level 22400. The bullish momentum will continue if price breaks the recent […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD is in an upward move. Since November 2, the pair has continued its rally as it reaches the high of 0.70659. The Kiwi is trending as it reaches the overbought region of the market. Daily Chart Indicators Reading:The Kiwi […]
Bitcoin (BTC) has recorded yet another massive whipsaw, as the price got closer than ever to the highly-coveted $20,000 all-time high across exchanges. However, this rally soon turned into a “bloodbath” for bulls as the price dropped sharply, causing hundreds of millions of dollars to seep out of the cryptocurrency’s market capitalization within a few […]
