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 Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair has risen to level 1.0850 and it is facing resistance at the recent high. On December 2, the pair faced rejection at the recent high. The market has been on a downward move after the rejection. The price […]
GBPJPY Price Analysis – December 9 GBPJPY rallies to new weekly highs at the start of the American session, gaining steady positive traction breaking the 140.31 barriers. Optimism for the COVID-19 vaccine has eroded the yen as the Brexit deal gave a strong boost to the British pound. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support Levels: […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD has been in a downward move. The downtrend is likely to continue. On November 9 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair will fall to level 1.618 Fibonacci extensions. […]
EURCAD Price Analysis – December 9 EURCAD has come under renewed selling pressure, falling back towards the sub 1.5500 level. The common European currency has plunged by 0.29% against the Canadian Dollar since the day’s start. The central event in both the US and Europe is the outcome of the stimulus budget fights except CAD […]
ADA Price Analysis – December 09 Further increase in the bears’ pressure may push the price to reach the support level of $0.1; below this level is the $0.10 support level. Should the support level of $0.13 holds, then, ADA will be confronted with the resistance levels at $0.16, $0.17, and $0.19. ADA/USD Market Key […]
Gold (XAU/USD) traded lower through the Asian session on Wednesday and recorded a new two-day low around $1855, although it lacked any bearish follow-through strength. The prevalent upbeat risk appetite in the market is seen as one of the major factors undermining demand for the safe-haven asset, though the lasting US dollar (DXY) weakness helped […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is in an uptrend. On November 24, the index rallied to level 22500. The market has been consolidating below the resistance since November 24. The uptrend will resume if the bulls break the current resistance. Daily Chart […]
Pfizer may not be able to give more vaccines to the US until next June due to its commitments to other countries, as recently reported in the news. Meanwhile, the UK will be the first country to introduce the Pfizer/BioNTech coronavirus vaccine, which the UK government announced on Sunday. The National Health Service said the […]
MicroStrategy, an analytics and mobility platform, currently HOLDs a significant amount of Bitcoin (BTC) and plans to keep stacking its holding. The firm recently revealed that it is seeking financing to acquire more large chunks of Bitcoin. According to an official press release on December 7, MicroStrategy was considering taking on a $400 million private […]
