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.
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 uptrend has broken above level 30000. On November 6 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This indicates that the index is likely to rise and reverse at a […]
The dollar ended the year on a weak note and may remain under selling pressure. After growing by almost 10% in 2020, the euro/dollar will continue to strengthen in 2021. As the eurozone continues to struggle with a slow recovery and subdued inflation, the overall weakness in the US dollar is expected to support the […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in a downward move since December 30. The market has fallen to level 6460.50 and a further downward move is likely. The price has broken the 21-day SMA and it is approaching the previous low at level 0.6315. […]
Bitcoin (BTC) has recorded yet another leg up, as the benchmark cryptocurrency records a fresh all-time high near $35k. Just a few weeks ago, this price range was deemed unattainable by many speculators. The cryptocurrency has recorded consecutive record highs over the past few days, with no sign of a slowdown. That said, here are […]
XRP/USD Market January 03 When the bulls penetrate the $0.21 level, the price may decrease further to $0.17 and $0.10. Should 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 Support levels: $0.21, $0.17, $0.10 […]
GBPUSD Price Analysis – January 3 GBPUSD has sustained its positive tone into the new year while holding on to gains towards the 1.3665 level, a fresh multi-year high set. The Pounds stays supported by relief after the post-Brexit deal just one week before the end of the transition period. Key LevelsResistance Levels: 1.3900, 1.3800, […]
GBPJPY Price Analysis – January 3 GBPJPY continues with an upside push and closed around the 141.00 ceilings that kept the bulls under control in the past for the second time. The currency was unable to break convincingly above the 141.22 level on confirmation that the Brexit deal had been reached. Key LevelsResistance Levels: 147.95, […]
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 a downward move after testing level 0.72409. The index has fallen to a low at 0.7187. On December 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to […]
Bitcoin (BTC) has been on a roll for the past few days. Following a recent recovery from a drop to the $26k level, the benchmark cryptocurrency rebounded dramatically, snapping the $29k barrier and recording a new ATH around $29,300 some days ago. However, on the last day of 2020, bears gained control and forced BTC […]
