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.
Bitcoin (BTC) continues on a strong upwards trajectory for the seventh consecutive week now, defying all odds and market norms. At this point, one could say that the cryptocurrency has reentered a “price discovery” mode again after three years. However, even if that isn’t the case, this prevailing bull rally has brought the benchmark cryptocurrency […]
The dollar would probably finish with its worst performance in a week, followed by the yen and the Swiss franc. But it stays in the same range as other major pairs and crosses. Investors are struggling to decide which direction to go, despite vaccine news and a rift between the US Treasury and the Fed. […]
EURJPY Price Analysis – November 20 The EURJPY pair is attempting to close beneath the 123.37 price zone as speculative interest stays trapped between coronavirus outbreaks and vaccine hopes. The pairs selling momentum remains toward the 123.00 level. Key LevelsResistance Levels: 127.07, 125.00, 123.37Support Levels: 122.37, 121.61, 119.31EURJPY Long term Trend: RangingAs seen in the […]
USDCHF Price Analysis – November 20 The USDCHF pair retreated under the 0.9100 level during Friday’s trading session turning south to a low of 0.9091 level. As of writing, the pair was down 0.08% daily at the 0.9104 level. All through the week, USDCHF remains on track to post small losses US Dollar Index gains […]
Key HighlightsToday, LINK price breaks the resistance at $13.50LINK has a target price of $17 Chainlink (LINK) Current StatisticsThe current price: $14.04Market Capitalization: $5,579,129,189Trading Volume: $1,783,634,788Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis November 20, 2020Since November 7, LINK has been facing resistance at the $13.50 high. Today, […]
US equity indexes closed higher on Thursday, as investors’ market confidence got revitalized following mentions of Washington lawmakers coming back together to pass a Coronavirus fiscal stimulus package to ease the pandemic-induced economic crisis. The Nasdaq 100 (NDX) rose by 90.72 points or (0.76)and closed at 11985.43, while the Dow Jones (DJIA) and S&P 500 […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 rebounded above level 23200 to resume an upward move. Previously, the index has been consolidating above level 22400 before the rebound. The index is facing rejection at level 26000. The uptrend will resume once the resistance at […]
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 range bound movement has been consistent in the last three months. The range-bound levels are yet to be broken. The market is an upward […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since November 12 after a rebound above level 103.30. The pair is approaching the previous support at level 103.30. The selling pressure will resume if the current is broken. The Yen […]
