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.
Sterling was one of the strongest after data showed better-than-expected GDP growth in December and Q4. UK GDP grew 1.2% mom in December, higher than expected 1.0% mom growth. Services index rose 1.7% mom. The manufacturing index rose 0.2% mom Production increased by 0.3% mom, construction fell by 2.9% mom, agriculture grew by 0.3% mom. […]
Key Resistance Zones: 27200, 27600, 28000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 has continued the upward move after breaking the resistance at level 29000. Since January 14, the index has been trading below level 29000 before it was broken; The index is approaching level 30000. Daily Chart Indicators Reading:Japan […]
Key Resistance Zones: 3500, 3600, 3700Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BullishSHCOMP has resumed upward after falling to the low of 3450. The price has broken above the SMAs. This is an indication that the index will continue to rise on the upside. Daily Chart Indicators Reading:SHCOMP has […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY is in an upward move. On February 3 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 2.0 Fibonacci extensions or level 108.18. Daily Chart Indicators […]
EURJPY Price Analysis – February 12 The EURJPY pair increases after crossing beyond the 127.00 level during Friday’s European session. It adds to the recent upside move after reclaiming the round figure. Following the price action caused by persistent weakness surrounding the Yen, EURJPY appears to sustain buying interest. Key LevelsResistance Levels: 130.18, 128.67, 127.50Support […]
USDCHF Price Analysis – February 12 After easing to 0.8892 lows at the prior session, the USDCHF pair rebounds around the 0.8900 zones during Friday’s European session with market action turning upwards. Meanwhile, the upbeat market mood helps USDCHF limit its downside despite the USD’s weakness. Key LevelsResistance Levels: 0.9093, 0.9045, 0.8998Support Levels: 0.8900, 0.8858, […]
Futures tracking major US equity indexes fell early on Friday, as Wall Street looked set to round off the week with decent gains. At press time, Nasdaq 100 (NDX) futures were down by -0.27%, while the Dow Jones (DJIA) futures and S&P 500 (SPX) futures fell by -0.28% and -0.34%, respectively. Meanwhile, Disney shares climbed […]
Key HighlightsLINK attains a new high of $28.64 The altcoin faces rejection at the recent high Chainlink (LINK) Current StatisticsThe current price: $27.31Market Capitalization: $27,196,500,231Trading Volume: $3,142,066,909Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis February 12, 2021LINK price has been making a series of higher highs and higher […]
The dollar returned to a sell-off early in the US session after slightly worse-than-expected jobless claims data. European majors are usually mixed. European indices are still mixed, while US futures are showing only a slightly higher top. Trading can be relatively calm. The publication of data on claims for unemployment benefits in the United States […]
