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.
Two JPMorgan strategists—John Normand and Federico Manicardi—issued a report recently, noting that Bitcoin (BTC) is more of a risk-on asset than a hedge against erratic markets. The duo remarked in the report that Bitcoin was the “least reliable hedge” in bear markets. In March 2020, during the Black Thursday crash, coronavirus-induced panic triggered a massive […]
Price Analysis – January 21 When the daily bearish candle closes below the $2.7 level; the price may decrease to $2.4, $2.1 and $1.7. In case the bulls defend the support level of $2.4, the resistance level of $2.7. $3.0 and $3.3 may be the targets. Key Levels: Resistance levels: $2.7, $3.0, $3.3 Support levels: […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trends: BullishAU200AUD is in a sideways move below level 6800. The index has broken above level 6800. On January 20, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the AU200AUD will rise to level […]
The euro is recovering moderately early in the US session after the ECB said the downside risks to the economic outlook were less pronounced. However, it remains one of the worst of the week, along with the dollar, yen, and Swiss franc. The dollar is still under pressure after worse-than-expected jobless claims data. The Canadian […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishSince January 7, EUR/GBP has been falling and it has reached the low of level 0.8851. On January 14, downtrend, a retraced candle body tested the 88.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishAUD/JPY is now in an upward move. The pair is rising above level 79.00. On January 8 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will rise and reverse at level […]
AUDUSD Price Analysis – January 21 AUDUSD remains steady past mid 0.7700 amid the Aussie jobs report Australia’s dollar edged higher on Thursday and remains steady past the mid 0.7700 level while extending the upside bias towards the 0.7800 level. The Aussie got an additional boost following the release of domestic employment details as the […]
EURUSD Price Analysis – January 21 EURUSD continues to rally in an attempt to sustain its break higher past 1.2150 level as buyers maintain upside sentiment. The pair reacts to the latest ECB policy statement on rates which sparks volatility amongst EUR pairs. Key LevelsResistance Levels: 1.2554, 1.2350, 1.2214Support Levels: 1.2050, 1.1900, 1.1602EURUSD Long term […]
The EUR/AUD is starting to gain some bullish momentum, following a retest and rejection from the 1.5600 support level and a bullish Euro. The European Union (EU) reported yesterday that the Euro Area Inflation Rate dropped by 0.3% YoY in December, while the Core Inflation Rate rose by 0.2%—fulfilling analysts’ forecasts. Meanwhile, prices remained weakened […]
