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.
Gold (XAU/USD) has renewed its daily lows in the early European session, although it lacked any follow-through strength. The precious metal is currently trading around $1885 after reaching a daily low of $1877 a few hours ago. The downward pressure on the US dollar (DXY) increased on the first day of the week, following President […]
Key Resistance Zones: 30500, 31000, 31500Key Support Zones: 26000, 25500, 25000 In 2020, US Wall Street 30 has an opening balance of 28595.20 in January. The index tested the resistance at level 28000 and was repelled. In the first quarter, the market fell to the low of 18213.50 and immediately corrected upward. In other words, […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 has a breakdown in the first quarter of 2020. UKX has an opening balance of 7542.40 in January. FTSE 100 (UKX) share crashed to level 4898.80 and the price corrected upward. The share corrected upward but faced rejection at level 6600. The price pulled […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 In January 2020, NZD/USD has an opening balance of 0.6733. However, the Kiwi has a breakdown in the first quarter of the year as price dropped to 0.5469. Immediately, the bulls buy the dips as the market resumed an upward move. In other words, […]
XRP/USD Market December 27 The support level of $0.22 may be reached before the bulls will push up the price next year 2021, provided the bears were able to maintain their pressure and sustain the price below the $0.28 level. Key Levels: Resistance levels: $0.33, $0.39, $0.44 Support levels: $0.28, $0.22, $0.17, XRP/USD Monthly Trend: […]
Bitcoin (BTC) has extended its aggressive bull run into the Holiday season. Since December 24, the benchmark cryptocurrency has recorded a new all-time high daily. After obliterating the $25k and $26k resistance two days ago, the primary cryptocurrency has now tested the $28k resistance. The crucial question in the cryptocurrency community is if BTC will […]
In a year that flipped so many norms, the dollar fell. The global reserve currency lags behind its G10 peers, but its decline is most evident in some of the smaller markets on the periphery of global finance. The Kyat added 11% against the dollar, the best performance in Asia. The uptick is an amplified […]
Major Supply Zones: $18.00, $20.00, $22.00Major Demand Zones: $8.00, $6.00, $4.00 In 2020, Chainlink has been in an upward move. In January, the crypto has an opening balance of $1.76 and it rose to a high of $4.88 in February. Buyers could not continue with the upward move, as they face resistance in March. After […]
GBPUSD Price Analysis – December 27 GBPUSD hit an all-time low of 1.1409 in early March 2020 in response to the coronavirus crisis. Although the pair hit a 35-year low, the pair rebounded and continued to rally amid Brexit hopes, reaching a new 2020 high of 1.3554. The risk remains heightened as long as there […]
