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.
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in an uptrend since November 2. The share has reached the overbought region of the market. On November 11, a retraced candle body tested the 78.6% Fibonacci retracement level. The index will rise and reverse at level 1.272 […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD has continued its upward move. The uptrend is facing resistance at level 0.7100. A retraced candle body tested the 88.6% Fibonacci retracement level. The resistance indicates that the Kiwi will rise and reach level 1.1129 Fibonacci extension. The Kiwi […]
The accelerating rally in iron ore prices is pushing Australia as a whole today amid a sustained risk appetite. The Australian dollar is currently the strongest of the week, followed by the New Zealand dollar, while the Canadian dollar is close on the back of oil prices. Sterling remains the worst due to the “high […]
Key HighlightsLINK risks further decline to $6.14 lowThe coin faces rejection from the recent high of $16 Chainlink (LINK) Current StatisticsThe current price: $11.67 Market Capitalization: $4,625,555,54Trading Volume: $988,347,716Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis December 11, 2020Following its rejection at the $16 overhead resistance, LINK plunged to […]
MicroStrategy (NASDAQ: MSTR), a business intelligence company, has exceeded its previous plans to offer $400 million in convertible notes, as reported in a previous article. The firm announced today that it has ended up raising $650 million through senior convertible notes offering and confirmed that the proceeds will be invested in Bitcoin (BTC). Officially, the […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 has been on an upward move. The index is consolidating below the resistance at level 26900. On November 18, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the index will rise […]
EURJPY Price Analysis – December 11 EURJPY has plunged sharply after increasing towards 126.61 level. The currency pair breached the 126.00 mark level during Friday’s trading session. EURJPY has been grinding lower after the ECB decision and Villeroy’s comments on the euro exchange rate. Key LevelsResistance Levels: 127.50, 127.07, 126.68Support Levels: 126.00, 125.00, 123.90EURJPY Long-term […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP has been fluctuating between levels 3200 and 3400 since July. The index has risen to level 3457. Presently, it is making a downward move. The price has broken the 21-day SMA but approaching the 50-day SMA. […]
USDCHF Price Analysis – December 11 The USDCHF pair declined to its lowest level around the level at 0.8851 on Friday but presents a rebound during the American session. The selling pressure surrounding the US Dollar Index (DXY) is reflecting the broad-based USD weakness resulting in further weakness for the USDCHF pair. Key LevelsResistance Levels: […]
