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 dollar, yen, and Swiss franc have strengthened again today as the fall in European stocks weakened. The mood is somewhat softened by the UK plan to introduce stricter border measures. Germany has cut its growth forecasts for this year. Commodity currencies declined in line with the general risk sentiment.The German government cut its growth […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF has r downward move after testing level 1.0780. On January 18 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.272 Fibonacci extension or level 1.0704. Daily […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BullishOn January 21, the Loonie rebounded above level 1.2620 to resume an upward move. The uptrend continued today after the bulls break the resistance at 1.2689. The pair has risen to level 1.2762 at the time of writing. Daily Chart […]
GBPJPY Price Analysis – January 27 The GBPJPY pair is moving into the sellers’ region while upside bias stays restrained in the near term, yet it targets 142.71 highs and beyond. The UK’s vaccine campaign continues at full speed, but it is unclear if the lockdown will be easing. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support […]
Gold (XAU/USD) maintained its bearish tone through the early European session on Wednesday and was last spotted trading around the $1845 area. The bearish momentum was solely sponsored by a goodish uptick in the US dollar, which tends to undermine demand for the dollar-denominated commodity. The greenback saw a fresh influx of demand amid doubts […]
EURCAD Price Analysis – January 27 The single European currency has edged lower by 0.05% against the Canadian Dollar since the beginning of the Wednesday session. The currency pair stays lower from the intraday’s price of 1.5472 with the upside run staying constrained beneath 1.5500. Given the exchange rate’s recent rebound from lows, the pair […]
Key Highlights BCH faces rejection twice at $540 resistanceThe altcoin is on a downward move and may reach the low of $289.30 Bitcoin Cash (BCH) Current StatisticsThe current price: $408.63Market Capitalization: $8,581,330,223Trading Volume: $5,688,248,254Major supply zones: $700, $720, $740 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis January 27, 2021 Bitcoin Cash […]
Key Resistance Zones: 12800, 13200, 13600Key Support Zones: 11600, 11200, 10800 Germany 30 (DE30EUR) Long-term Trend: BullishGermany 30 is currently in an upward move. The uptrend is facing resistance at level 14000. On January 18, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the index will rise and reach […]
Key HighlightsLitecoin is in a downtrend and may slide to $96 lowThe crypto is making a series of lower highs and lower lows Litecoin (LTC) Current StatisticsThe current price: $131.09Market Capitalization: $11,011,847,219Trading Volume: $5,738,514,349Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis January 27, 2021Litecoin resumed a downward move […]
