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.
NEO Price Analysis – January 04 Further increase in the bulls’ momentum will place the price at the $19 resistance level. The breakup of the just mentioned level will expose the price to the $22 and $25 resistance levels. Below the current price level of NEO are support levels at$15, $13, and $12. NEO/USD Market […]
Bitcoin (BTC) traded haphazardly earlier today, after sharply dropping by $5,800 in just a few hours, after which it recovered modestly. The decline caused the cryptocurrency to fill the recent CME gap at $29,000. The Chicago Mercantile Exchange (CME) allows institutional investors to trade BTC on a more regulated platform. However, this platform is open […]
The AUD/NZD traded on a sideways momentum in the mid-European session, amid renewed market risk appetite. This year, the Aussie and the Kiwi are expected to perform positively, as they would be bolstered by several factors, mostly hinging on the Coronavirus. Both Australia and New Zealand have shown efficiency in nipping the spread of the […]
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 rejected at level 1.0850 and has fallen to the low at 1.0846. The bulls have bought the dips but were overwhelmed by the bears. The price is above the support of the 21-day SMA. The pair […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe pound has been in a sideways move since December. Today, the Pound is moving upward after falling to the low of level 0.8942. It is unclear whether the upward move will continue as the price continues to fluctuate. Daily […]
Near-zero interest rates and a bolstered economic outlook amid improving COVID-19 vaccine rollout has caused the US dollar (DXY) to slide even further, boosting demand for gold (XAU/USD). China’s Renminbi grew by about 1% in the early Asain session on Monday, as the USD/CNY falls below a 30-month low for the first time. The Chinese […]
EURUSD Price Analysis – January 4 EURUSD continues to rally in an attempt to break higher as bears and bulls tussle around 1.2300. The dollar is losing ground before the opening of the American session. The number of new covid variants registered and the slow spread of the vaccine together with the early elections in […]
XAGUSD Price Analysis – January 4 Spot silver (XAGUSD) is looking to break the $27.50 level as the white metal breaks out of its recent high of $26.77 during Monday’s early European session. Overall, the market remains patchy, but the dollar as a whole is weakening as markets wait to see what happens with US […]
Key HighlightsEther attains a new high as it breaks above the $838 highThe biggest altcoin rebounded above the $720 price level Ethereum ETH) Current StatisticsThe current price: Market Capitalization: Trading Volume: Major supply zones: $800, $820, $840Major demand zones: $360, $340, $320 Ethereum (ETH) Price Analysis January 3, 2021On January 2, Ether rebounded above $720 […]
