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 continues to recover, but it looks like there are no further purchases yet. It remains one of the weakest of the week along with Sterling. The Aussie and New Zealand dollar are also losing some of their gains this week. The US Senate and House of Representatives have confirmed the victory of President-elect […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe pair is now in an upward move. The pair has risen to level 80.65. On December 31 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair is likely to rise to1.618 […]
Mike McGlone, the Senior Commodity strategist at Bloomberg, asserted that Bitcoin (BTC) is a better investment than gold in January 2021. McGlone is one of the few mainstream analysts who are believers in Bitcoin. The analyst was bullish on BTC even during its bear market in 2018. In November 2020, McGlone correctly predicted that BTC […]
AUDUSD Price Analysis – January 7 The AUDUSD pair edged lower through the European session into the American session and registered daily lows around the 0.7725 zones in the last hour. The pullback was exclusively supported by a solid US dollar rebound and dragged the pair further below mid-0.7700s. Key LevelsResistance Levels: 0.8136, 0.8000,0.7800Support Levels: […]
EURUSD Price Analysis – January 7 EURUSD turns negative after the 3rd day in a row upside thrust and stays beneath 1.2350 amidst a moderate recovery of the dollar on Thursday. The upside remains capped by the renewed strength in the US Treasury yields across the curve amid stimulus hopes. Key levelsResistance Levels: 1.2413, 1.2350, […]
The EUR/AUD traded on a sideways momentum around 1.5835 on Thursday, amid chaos in US Capitol. The Euro has been largely influenced by movement in rival currencies. However, the Eurozone’s upbeat economic recovery outlook continues to steady the currency against drastic fluctuations in rival currencies. Meanwhile, this week’s EUR/AUD price movement has been directed by […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFR40EUR index is presently consolidating above level 5600. The index is characterized by Small body candlesticks called Doji and Spinning tops. These candlesticks describe the indecision between buyers and sellers about the direction of the market. Daily Chart Indicators […]
Key Highlights Ether has a target price of $1434.06The crypto faces rejection at level $120 Ethereum ETH) Current StatisticsThe current price: $1,182.01Market Capitalization: $135,592,281,856Trading Volume: $44,227,012,773Major supply zones: $800, $820, $840Major demand zones: $360, $340, $320 Ethereum (ETH) Price Analysis January 6, 2020Ethereum bulls have pushed the crypto above the initial resistance at $1,100 and […]
Bitcoin (BTC) continues to create massive boosts for the entire cryptocurrency industry over the past few weeks and is showing no signs of a slowdown. At press time, the benchmark cryptocurrency is trading above the $35k level after a 7% rally earlier today. This is a massive rally considering that it’s a rebound from a […]
