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.
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 is in a downtrend and has reached bearish exhaustion. On October 22 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This implies that (UKX) is likely to reach level 1.272 and reverse. However, the reversal will […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD has been in a downward move since October 28. The pair has fallen to level 0.66105 and it is approaching bearish exhaustion. The market is experiencing buying pressure at level 0.6600 support zone. Daily Chart Indicators Reading:The Kiwi has […]
THE TECHNICAL ANALYST HAS BECOME AN ENDANGERED SPECIESAccording to Investopedia.com, technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analysing statistical trends gathered from trading activity, such as price movement and volume. Unlike fundamental analysts, who attempt to evaluate a security’s intrinsic value, technical analysts focus on patterns of […]
Key HighlightsLINK resumes a downward moveThe crypto is likely to reach a low of $9. 63 Chainlink (LINK) Current StatisticsThe current price: $11.14Market Capitalization: $4,351,047,564Trading Volume: $1,670,028,120Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis October 31, 2020LINK price is making a series of lower highs and lower lows. […]
Bitcoin (BTC) traded this week on a trumped-up momentum, as it recorded multiple 2020 record highs. Interestingly, this bullish performance is happening amid a brutal beating across the equity markets including the Nasdaq 100 (NDX), Dow Jones (DJIA), and S&P 500 (SPX). Cumulatively, the benchmark cryptocurrency has grown by about 4.3% over the week. Although […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BearishJapan 225 is fluctuating in a sideways move below level 23750. On October 28, Japan 225 fell to the low at level 23066 and resumed consolidation above the current support. A retraced candle body tested the 78.6% Fibonacci retracement […]
European economic recovery is on hold as governments impose new restrictions to tackle the coronavirus, which could lead the region into another recession. The four largest economies in the eurozone are entering various forms of isolation, eclipsing Friday’s data that saw a record third-quarter production growth. A new downturn sets in, governments pour in more […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is range-bound between levels 3200 and 3400 since July. Presently, the index is falling and may soon end the bearish run to level 3187. This means that the lower price range is likely to be broken […]
EURJPY Price Analysis – October 30 The selling momentum in EURJPY stays intact as its weakness extends beneath the 122.00 level at the end of the week earlier on Friday. Downside risks have continued to dominate the Eurozone currency against the Japanese Yen on negative market sentiment due to the continuous wave of Covid-19. Key […]
