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: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishThe AUD/JPY pair is in a downward ward move after retesting level 77.00 twice. After the breakdown, the pair retested level 76.50 and resumed the downward move. The selling pressure has continued on the downside. Daily Chart Indicators Reading:The 21-day […]
There was a mixed sentiment on the risks of coronavirus, as markets watched the pandemic and stocks trade as if it were a post-covid world. As for the euro, most of the trading took place through the dollar, but European policy may again prove problematic for the single currency. While the US dollar slipped from […]
There was little activity in the financial markets on Wednesday, with the major pairs mostly consolidating and stocks fluctuating between gains and losses. Market sentiment remained trapped between fears of coronavirus outbreaks and hopes for vaccines. The U.S. health care system is under strain as new cases continue to rise and numerous restrictive measures have […]
The past 24 hours have been nothing short of a roller coaster ride for Bitcoin (BTC). The benchmark cryptocurrency was trading at $16,600 yesterday before carrying out what many believed to be a significant rally to the $17,850 area. At that time, this price point became the new year-to-date high. As impressive as this move […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trends: BullishFrance 40 index is in an upward move. The index has fallen to level 4600 and resumed upward. On November 10 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. This indicates that the pair will rise […]
Key HighlightsEther breaks $480 high but fails to sustain the uptrendThe crypto has plunged to a $457 low and resumes correction Ethereum (ETH) Current StatisticsThe current price: $474.45Market Capitalization: $53,839,786,699Trading Volume: $17,955,518,416Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis November 18, 2020Today, Ethereum bulls have broken the $480 […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has risen to level 1.0820 and it is facing resistance at the recent high. The recent high has not been broken since September. The price is fluctuating below the recent high. The downtrend will resume if price breaks […]
Gold (XAU/USD) failed to make use of its intraday bounce to the $1885 area and is now struggling to remain above the $1870 level in the European session. The prevailing market worries about the economic fallout due to the implementation of renewed COVID-19 restrictions in several states across the US has left the US dollar […]
GBPJPY Price Analysis – November 18 GBPJPY extends recovery from 137.84 level to around 138.05 level during the European session on Wednesday. Although the GBPJPY buyers’ anticipation of a Brexit deal, cautious sentiment ahead of October’s UK CPI, and the coronavirus (COVID-19) woes push for the immediate upside momentum. Key levelsResistance Levels: 144.95, 142.71, 140.31Support […]
