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.
GBPJPY Price Analysis – January 20 GBPJPY’s upside march attempts to advance beyond the 142.33 level with a strong impulse to test the higher barrier at 142.71 level. The optimism about the UK’s vaccine campaign and lower cases is strengthening the case for stability in Pounds Sterling. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support Levels: 140.31, […]
Gold (XAU/USD) etched higher in the early European session on Wednesday, reaching a four-day high of around $1857 over the past few hours. The uptick appears to have been triggered by its recent foray into the $1800 support. The US dollar continued on its descent, which tends to favor the dollar-denominated commodity. Meanwhile, it appears […]
EURCAD Price Analysis – January 20 EURCAD selling pressure caused retreats from daily highs of 1.5452, falling towards the mid 1.5300 level. The EURCAD has plunged by 0.35% against the Canadian Dollar since the day’s start. Canadian Dollar and oil stay in the spotlight with BoC rate decision featured as the oil price stays capped. […]
EURUSD is up 9%, while the trade-weighted euro index is up 4.7% in 2020. Last week, Governing Council member and Bank of France governor François Villeroy de Galhau warned that the ECB is “closely monitoring the negative impact of inflation on inflation. euro “. The yen and dollar remain the worst to date as markets […]
ADA Price Analysis – January 19 In case the bulls increase their momentum and push the price above the resistance level of $0.38, then, $0.42 and $0.50 may be tested. If the price is rejected at the $0.38 level, price consolidation may commence. The support level can be found at $0.34, $0.27, and $0.24 levels. […]
A recent survey conducted by the Bank of America (BofA) on investment firms with over $500 billion in assets under management showed that investors are very bullish on Bitcoin’s long-term prospects. The survey highlighted that “long Bitcoin” has overtaken “long tech stocks” as the most taken trade in January 2021. Reuters reported earlier today that […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend but faces rejection at level 23000. A retraced candle body tested the88.6% Fibonacci retracement level. The Index will rise to level 1.1189 Fibonacci extension level. The index has already reversed and it is […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi has resumed a downward move after rejection from level 0.7300. The pair has fallen and reached the low of level 0.7116. The price has broken below 21-day SMA and a break below 50-day SMA will accelerate price movement. […]
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 pair has been in a downward move. Since January, the market has been in an upward move. On January 11 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Yen will […]
