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.
Gold (XAU/USD) traded on a sideways momentum in the early European session on Monday and was last spotted trading around the $1960 area. The US dollar (DXY) remained in a depressed tone following the official announcement of Joe Biden as the President-elect of the suspense-filled US Presidential election. A weaker USD was cited as one […]
XAGUSD Price Analysis – November 9 The price of silver has presented a buying opportunity to near term investors as XAGUSD set eyes on an upside extension beyond the $26 key barrier. Silver remains in its tight price channel despite an upward push. Markets are anticipating further reaction after key media called Democrat Biden the […]
Key HighlightsEthereum rallied to $467 high but was resistedEther now fluctuates between $430 and $470 Ethereum (ETH) Current StatisticsThe current price: $444.90 Market Capitalization: $50,429,714,060Trading Volume: $12,712,038,773Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis November 8, 2020On November 7, Ether traded and reached a peak price of $467. The […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishEUR/GBP has been in an upward move since November 6. The pair faces rejection at level 0.9050. Today, the pound has resumed an upward move. If the price breaks level 0.9050, it will accelerate price movement. Daily Chart Indicators Reading:The […]
The cryptocurrency ATM market is expanding at an exponential rate never witnessed before. According to a study from Coin ATM Radar, a crypto metrics website, the deployment of new cryptocurrency ATMs has grown by about 80% in 2020 alone. This figure represents 3 times the growth rate recorded last year. So far in 2020, the […]
A quiet week ahead for data release, which will have time to reflect on the results of the US presidential election – and what is increasingly likely to become the Biden presidency. The result of the US vote matters to Canada, as Biden’s victory, is likely to mean less uncertainty in international trade, but more […]
XRP/USD Market November 08 The price may reach the resistance level of $0.27 provided the bulls maintain their pressure; further increase in the bulls’ momentum may break up $0.27 and target the $0.29 price level. Should the price reverse, it may find support at $0.23, $0.22, and $0.21price level. Key Levels: Resistance levels: $0.25, $0.27, […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishThe index has resumed an upward move since October 31. It rose from level 26300 to $28300. Presently, it is facing resistance at the recent high. In the previous uptrend, the upward move is being terminated at […]
GBPUSD Price Analysis – November 8 The GBPUSD has ticked higher up past the 1.3150 level against a broadly weaker US dollar in the prior session to reach the recent high of its trading range, at the 1.3177 level. The British Pound was undermined by Brexit challenges, as another week went by with significant disparity […]
