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.
XRP/USD Market January 06 An increase in the bears’ pressure may penetrate the $0.21 level; the price may decrease further to $0.17 and $0.10. In case the support level of $0.21 holds, the price may reverse and the resistance levels of $0.28, $0.39, and $0.49 may be tested. Key Levels: Resistance levels: $0.28, $0.39, $0.49 […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has been in a sideways move between levels 1.0730 and 1.0850 since December. The EUR/CHF is in an upward move. The price has reached level 1.0830 resistance zone. A downward move is expected. Daily Chart Indicators Reading:The pair […]
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 moved up and retested level 1.2900. It indicates that the pair is likely to fall. On December 16 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to […]
Gold (XAU/USD) traded on a sideways pattern in the early European session on Tuesday, as the commodity struggled to capitalize on its bullish momentum from the previous two sessions. It appears that the market has begun pricing in the possibility of a Democratic win in the crucial US Senate runoff elections in Georgia. The final […]
GBPJPY Price Analysis – January 6 The GBPJPY pair edged higher through the first half of the European session and refreshed daily highs, around the 140.49 regions in the last hour. The underlying bullish tone undermined the safe-haven JPY and remained supportive as the focus shifts to Pound Sterling. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support […]
EURCAD Price Analysis – January 6 The EURCAD pair sustained its bid tone through the early part of the European session and was last seen hovering beyond the barrier at 1.5609 ends of its recent range. The Euro remained well supported and seemed rather unaffected by the dismal Eurozone data. Key LevelsResistance Levels: 1.6200, 1.5991, […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. The upward move is facing resistance at level 22500. On November 24 uptrend, a retraced candle body tested the 88.6% Fibonacci retracement. This retracement indicates that the index is likely to rise and […]
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 has resumed an upward move. On December 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to level 1.272 Fibonacci extension and reverse. That is reversal will be at level […]
Strategists at one of America’s biggest banks, JPMorgan Chase & Co, are comparing Bitcoin (BTC) to the traditional store of value assets, like gold. The analysts, led by Nikolaos Panigirtzoglou, are asserting that the benchmark cryptocurrency—which is currently at $33k—could rise by about 4.4 times in the long-term to hold a price of $146,000. According […]
