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.
USDCHF Price Analysis – November 6 The dollar has resumed its downtrend against the Swiss franc as USDCHF wobbles toward two-month lows beneath the 0.9030 level to reach session lows dangerously despite the oversold condition. The greenback has depreciated about 0.5% so far today amid a broad-based USD weakness with equity markets surging on US […]
The US stock markets saw a sharp reversal in the early trading hours on Friday, following a strong rally pushed the Nasdaq 100 (NDX) up by more than 11% this week alone. This surge was likely as a result of more investors betting on a split Congress, which would forestall any major industry policy changes. […]
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. On October 22, the retraced candle body tested the 61.8% Fibonacci retracement level. This implies that the Yen will continue the downward move to level 1.618 Fibonacci extension . In other […]
Witches, vampires, and ghouls. These Halloween beasties have nothing on every Bitcoiner’s worst nightmare: losing one’s digital gold in a fluke accident or misstep. We can practically hear you screaming at your screen right now. In honour of Halloween season, we’re exploring four spine-tingling tales of brutal Bitcoin losses. We also throw in a little […]
BNBUSD Price Analysis – November 06 The breakup of the $29 resistance level with the daily candle closes above the mentioned level will make the price rally towards the resistance level of $31, which may progress to $33 provided the bulls maintain their pressure. BNB/USD Market Key levels: Supply levels: $29, $31, $33 Demand levels: […]
Price Analysis – November 06 The increase in the bulls’ pressure to break up the two dynamic resistance level will place the price at the $2.7 level, further increase of the bulls’ pressure may allow the price to test the $2.9 and $3.3 resistance level. Failure to break up the dynamic resistance level may lead […]
Bitcoin (BTC) continues on its bullish spree on Thursday as it prepares to take $15,500. Since the modest dip yesterday, more than $24 billion has flowed into the market with most of it going into BTC. The benchmark cryptocurrency’s market dominance has now exceeded 65%, indicating that there is no appeal for altcoins at the […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BullishAustralia 200 is making an upward move. On October 19 uptrend; a retraced candle body tested the 38.2 % Fibonacci level. This indicates that the index will rise and reach level 2.618 Fibonacci retracement level. In other words, the […]
Changes in foreign exchange markets in response to the US election were relatively hesitant compared to strong risky moves in stocks. The dollar sell-off has finally begun as the market enters the US session today. While the outcome of the US presidential election is still unknown, investors were eager to push stocks higher. The Federal […]
