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.
EURCAD Price Analysis – January 13 The EURCAD pair trades under the 1.5550 level after meeting a strong barrier at the 1.5785 level in an upside correction. EURCAD is slipping to sellers’ territory and well on its way for prospects of a price correction. Crude oil made a new swing high and at the same […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie is making an upward move. On January 11, the pair was resisted at level 1.2800 as price fell to the previous low. Today, the USD/CAD has resumed an upward move to retest level 1.2800 high. If price breaks […]
The dollar came under selling pressure in America in the afternoon, as equities cut intraday losses and showed moderate gains and US Treasury yields increased. Sterling generally jumped today after the head of the Bank of England criticized negative interest rates associated with many problems. Commodity currencies are currently the next strongest, having partially overcome […]
Strategists at JPMorgan Chase & Co have alerted that the approval of a Bitcoin exchange-traded fund (ETF) in the US could have dire consequences on Bitcoin’s (BTC) short-term price action. The proposed reason for the price drop is that an approved ETF could become a major competition for institutional investment for the world’s largest traded […]
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. The index is falling and may reach the previous low of level 21078. The price action is characterized by small body candlesticks called Doji and Spinning tops. […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishThe Kiwi is in an uptrend. From the price action, the Kiwi reached a high of level 0.7315 and reversed. The Fibonacci tool analysis has confirmed the reversal. The Fibonacci tool indicated that the market will reverse at level 1.272 […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Bullish The USD/JPY pair has been in an upward move since June. Today, the pair has risen to level 104.25. The bulls have also pushed the price above the SMAs which suggests a further upward movement of the Yen. The […]
Wall Street saw a red trading session on Monday, as investors cashed out their profits after a bullish start to 2021 and amid worries of the political situation in Washington. The Nasdaq 100 (NDX) shaved off about 1.5% from its value after hitting a new all-time high at 13100 last week. Last week’s rally got […]
USDCHF Price Analysis – January 12 The USDCHF pair rebound continues to the upside but pauses temporarily under the 0.8920 level after rallying as high as the 0.8916 level. The major factor hurting risk assets on the day has been the rise in US real and nominal bond yields which continues to dictates pace. Key […]
