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: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: BearishThe USD/CAD pair is on a downtrend. A correction candle is testing the 0.382 Fibonacci retracement level. This indicates that the Loonie will fall and reach a target price of 2.619 Fibonacci retracement level. The target price has been achieved […]
Gold (XAU/USD) has climbed higher for the third consecutive day and was last recorded trading below the $1,722 resistance. The USD has suffered further losses, especially during the Asian session on Wednesday, and has reached a new 3-months low. This is one of the major factors supporting the rise in the price of gold. This […]
The protocol of Ethereum has scaled Bitcoin’s on the blockchain for daily transaction fees. On June 7, for the fourth time in network history, the total sum of protocol fees on the Ethereum protocol reached nearly $500,000. Through comparative analysis, Bitcoin just managed to pull in transaction fees at around $308,000 on the very same […]
USDCHF Price Analysis – June 9 Since the recent North American session, the USDCHF pair plunged to new 10-week depths, amid bears already aiming to somehow extend the weakness beneath the main 0.9500 psychological marks. The safe-haven Swiss franc profited from a marginal weakening in the global risk sentiment – as seen by a weaker […]
S&P 500 Price Analysis – June 9 Alongside an unbeaten run of 7 days, S&P 500 launched marginally lower on Tuesday as the risk rally does seem to have lost its flows, with the S&P 500 losing 1 percent on the day with a pullback towards 3200 levels. Key LevelsResistance Levels: 3400, 3300, 3250Support levels: […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is rising and in an uptrend. A correction candle body tested the Fibonacci 0.618 retracement level. This indicates that the index’s first target will be at the 1.618 extension level. The trend is likely to continue after […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishThe Kiwi pair is in an uptrend as it breaks level 0.62000. A correction candle body tested the Fibonacci 0.618 retracement level. This indicates that the New Zealand dollar’s first target will be at the 1.618 extension level. Later, the […]
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 was in an uptrend as it reached the high of level 109.85. The market fell after reaching the upper price range. The Yen fell to level 108.142. The market would have reached bearish exhaustion. Daily Chart Indicators Reading:The […]
Gold (XAU/USD) is showing strong rebound strength from today’s low of $1,692 and is attempting to scale the $1,710 resistance hurdle while investors are scurrying for safety as the growing Australia and China tensions take center focus. At press time, Spot Gold is trading at $1,708, up 0.6% in the European trading session. Gold has […]
