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.
XRP/USD Market November 04 The bearish movement will continue as long as the bears increase their pressure, $0.22 level will be tested, penetrated, and reach the support level of $0.21. In case the bulls prevail and penetrate the dynamic resistance level upside, then barriers will be found at $0.25, $0.27, and $0.29 resistance levels. Key […]
Key HighlightsEther rebounds above $376, breaks resistance at $380 and $395Ethereum is likely to reach a high of $420 Ethereum (ETH) Current StatisticsThe current price: $402.11Market Capitalization: $45,554,549,947Trading Volume: $14,203,450,629Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis November 4, 2020Today, Ethereum rebounded above $376 as price breaks the […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair has been on a downward move since September 25. The current downtrend resumes after a retest at level 1.0672. The market is still falling. On October 15 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. […]
GBPJPY Price Analysis – November 4 The GBPJPY is presently attempting the upside hurdle around mid 137.00 marks. The barrier near the 137.84 level, becomes a tough nut to crack for the buyers. Markets ignore the economic cost of the UK’s lockdown amid Brexit optimism. Key LevelsResistance Levels: 144.95, 138.38, 136.62Support Levels: 134.12, 133.04, 131.75GBPJPY […]
Gold (XAU/USD) traded on a negative bias in the early European trading session on Wednesday, as the price barrels towards $1876 once again. A goodish bounce in the US dollar (DXY) was regarded as the major factor exerting pressure on the dollar-denominated commodity. Early election results from the US indicated that the race for the […]
EURCAD Price Analysis – November 4 The Eurozone single currency rebounds by 0.50% against the Canadian Dollar since the days start towards 1.5500 marks. The currency pair is looking towards its moving average of 5 on the daily chart. ECB monetary policy decision is a major focus for the Eurozone and may give room for […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD is in a downward move. The upward move is facing resistance at level 1.3250. On October 13 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This indicates that the pair will fall and reach level 1.618 […]
Markets are significantly recovering today after a strong US close the day before. The Canadian dollar has made a reversal, unsupported by oil prices. The Australian dollar is generally up today following the news of the RBA rate cut. However, the downside is relatively limited, save for a few. The dollar became mixed, along with […]
The Bitcoin network has just undergone a significant difficulty reduction and its most important since the beginning of the ASIC era. The network saw a 16.05% decline today, a much more significant figure than the widely-expected 10%. Glassnode, a data analytics company, announced that this is the second-largest negative difficulty adjustment in history. Normally, the […]
