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: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishEUR/GBP has been in a downward move since September 11. Today, the uptrend is facing resistance at the high of level 0.9070. A downward movement of prices is likely. With the retest at level 0.9070, the current support at level […]
Key HighlightsBCH is currently fluctuating between levels $231 and $247The crypto is likely to move up Bitcoin Cash (BCH) Current StatisticsThe current price: $414.80Market Capitalization: $46,997,347,819Trading Volume: $16,469,560,873Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis November 05, 2020Bitcoin Cash fell to the low at $231 on November […]
AUDUSD Price Analysis – November 5 The upbeat market mood further undermined the greenback pushing the AUDUSD to gain traction for the 4th day in a row above the 0.7200 marks. The ongoing steep decline in the US Treasury bond yields continued exerting some pressure on the US dollar and expectation of a Biden win. […]
EURUSD Price Analysis – November 5 The buying bias remains on the EURUSD as it spikes for yet another session lifting the pair to a new weekly high past the 1.1800 level. Amid optimism on the markets, buyers cheer the prospects of a decisive result in the US elections. Key levelsResistance Levels: 1.2011, 1.1917, 1.1808Support […]
The EUR/AUD traded on a bullish tone in the early European session on Thursday as both the Reserve Bank of Australia (RBA) and European Central Bank (ECB) strive towards a swift QE expansion. The Aussie (AUD) remained weak against the euro largely as a result of the impact of the global recession on Australia’s open […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair fell to level 73.50 and began resumption of upward move. On October 1 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. This retracement indicates that the pair will rise and reach 2.0 Fibonacci extension, […]
In October, the UK services PMI stood at 51.4, sharply below the September level of 56.1. The Composite PMI finished at 52.1, up from 56.5. This is also the lowest level in four months. Tim Moore, Economics Director at IHS Markit: “October data indicates that the UK service sector was close to stalling even before […]
A Bitcoin (BTC) wallet well-known by hackers and treasure hunters in the crypto space for its sheer size is now empty. About 69.369 BTC was moved from a legacy wallet to a new native SegWit format address. Up to this moment, the wallet remained a mystery. The owner of the wallet, who moved the funds, […]
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 resume upward. The market is likely to face resistance at level 5000. Daily Chart Indicators Reading:It is currently at level 55 of the […]
