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.
GBPJPY Price Analysis – June 7 The buyers have been driving GBPJPY to its peak after late February 2020 without yielding. The upward pressure stays intact with the spot continuing for a breach beyond the level of 140.00. Amidst some new buying pressure emerging, it becomes worth waiting for some follow-through buying before validating its […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 index is 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. Later, the uptrend will […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX is currently in an uptrend. A correction candle body tested the Fibonacci 0.618 retracement level. This indicates that the FTSE 100’s first target will be at the 1.618 extension level. Later, the uptrend will continue after the 1.618 retracement level. […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishNZD /USD 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 […]
Bloomberg seems to have joined the long list of entities on Bitcoin which are pretty bullish. The number one coin could be hitting $20,000 before the end of the year, as per a Bloomberg Crypto Outlook publication. One justification Bloomberg predicts that Bitcoin matures very amazingly. It contrasted the maturity rate of Bitcoin to that […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 is in an uptrend. A correction candle tested the 0.382 Fibonacci retracement level. This indicates that the index will rise and reach 2.618 extension level. However, the first target price of the index is at level 1.618 […]
EURJPY Price Analysis – June 5 For another session on Friday, EURJPY’s rally continues to keep its upside run unopposed, maintaining to sweep fresh yearly highs in the 124.40/45 region, though erasing a few gains afterward. The currency pair breached Friday morning’s level of 124.00. As for the near term, buyers of the spot price […]
USDCHF Price Analysis – June 5 The USDCHF pair rapidly reversed a recent dip of more than two-month lows and in the last hour recovered upward past 0.9650 marks. The pair was last seen trading close to the high of its daily trading range, around the region of 0.9637-0.9650, and has now regained a part […]
Key Resistance Levels: 2900, 3000, 3100Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: BullishThe SHCOMP is currently in a horizontal channel. Since on June 1, the index has been rising and has broken above the EMAs. This is an indication of a further upward move. Meanwhile, the market is […]
