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 weakness of the euro continues despite higher than expected inflation figures. The Swiss franc and pound sterling are also softening slightly. The dollar, on the other hand, is struggling to boost earnings after a much stronger-than-expected ADP employment. The New Zealand dollar continues to trade as the strongest, pushing up the Australian dollar slightly. […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 index is in a downward move. The selling pressure has been exhausted as the pair find support above level 5366. FR40EUR has resumed upward but faces rejection at level 5600. Daily Chart Indicators Reading:The index is currently […]
The massive global network that connects all computers or mobile devices worldwide, known as the internet, is hands-down one of the most ground-breaking inventions of the 20th century. Although it was originally invented sometime around the 1960s, it only gained significant utilization in the 21st century. Given the world we live in today, it is […]
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 pair has risen to 1.0827 but was resisted. The price retraced to level 1.0799 and resumed an upward move. On February 1 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BullishThe Loonie is making an upward move. Since on January 28, the price could not break above level 1.2850. In the meantime, the pair is trading below the resistance level. A break above the resistance will signal the resumption of […]
Gold (XAU/USD) struggled to sustain its goodish uptick from yesterday and has renewed its daily low of around $1832 in the early European session on Wednesday. The prevalent risk-on market mood was mostly responsible for the scarcity of demand around gold, which capped any additional gains for it. Also, the pickup in the US Treasury […]
GBPJPY Price Analysis – February 3 GBPJPY has been in a declining move over the last couple of days after the upside rally towards the recent high of 144.09 dwindles further beneath 143.69 level as of today’s European session. The market expects further JPY strength which is not due to a negative view on global […]
EURCAD Price Analysis – February 3 The EURCAD’s lower break of 1.5422 level by sellers now confirms the resumption of the whole decline from 1.5979 towards the mid 1.5300 level. The EURCAD pair had slipped underneath the 1.5400 early during the European session as Loonie stays firm on the oil price surge. However, the primary […]
XRP/USD Market February 02 If the bulls were able to increase their momentum and break up the $0.39 level, then, $0.49, $0.62 will be the next target. Should the resistance at $0.39 holds, the price may continue consolidating at the $0.39 level. However, below the current market price are $0.28, $0.21, and $0.17 support levels. […]
