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.
GBPUSD Price Analysis – November 29 GBPUSD plunged beneath the mid 1.3300 level in the prior session around which it closed. The pair lost upside momentum towards the end of the week as Brexit pessimism and tension contributed to its woes. The lack of progress in talks has hurt demand for sterling. Key LevelsResistance Levels: […]
GBPJPY Price Analysis – November 29 GBPJPY is faced with sellers’ pressure as it stays depressed beneath the 139.00 level and ended the prior session at the lows around the 138.28 regions. The pair dumps after being weighed by the ongoing uncertainty about the Brexit negotiations adding negative pressure to the pound sterling. Key LevelsResistance […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in an upward movement since November 2. The share has reached the overbought region of the market. On November 16 and 25, the candlesticks possess long wicks. These candlesticks indicate that there is strong selling pressure at a […]
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 is in an upward move but faces resistance at level 0.6800. The resistance at level 0.6800 has been breached. The Kiwi has continued to rise and it is approaching the high of level 0.7000. Daily Chart Indicators Reading:The Kiwi […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair has been in a downward move since June. The price has been making a series of lower highs and lower lows. On November 18, downtrend, a retraced candlestick tested the 61.8% Fibonacci retracement level. It indicates the […]
Risk management is a crucial topic when it comes to forex trading. Every forex trader wants to minimize losses and maximize profits from each trade. Many traders lose money not because they lack knowledge or have no experience in the market, but due to poor risk management. The right risk management strategy is critical if […]
BNBUSD Price Analysis – November 27 The breakdown of the support level of $26 may push down the price to the September low which is the $22 level provided the $26 and $24 price level do not hold. In case the support level of $26 holds, the price may reverse and face the resistance levels […]
Protocol Deriswap to focus on Swaps, Options, and Loans. Andre Cronje, the founder of Yearn.Finance, has introduced a new DeFi protocol called Deriswap. In a November 23rd blog post, Cronje revealed the latest DeFi protocol. Cronje explained in the blog post the roles of Deriswap: “Deriswap (currently under audit), combines Swaps, Options, and Loans into […]
Sterling unfolds lower today in a calm holiday atmosphere. Sellers are back in control as there appears to be no way out of the stalemate in Brexit trade negotiations. And time is running out. Overall, the yen and dollar remain the worst performers of the week due to general optimism about coronavirus vaccines. The New […]
