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 on a downward move since September 11. On October 28 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. This implies that the pound will fall and reach level 2.0 Fibonacci extension. That is the […]
EURUSD Price Analysis – October 29 The single currency EURO came under pressure towards the 1.1685 level on a fresh wave of risk aversion. EURUSD sheds ground for the fourth consecutive session and managed to stabilize above the 1.1695 level after falling on Thursday amid the ECB monetary policy meeting. Key levelsResistance Levels: 1.2011, 1.1917, […]
The EUR/AUD traded on a slightly bearish bias in the early European session on Thursday, following a spike to the upside yesterday despite the weakness in the EUR. For several days now, conditions have been tough for the commodity industry for which the AUD trades as a proxy, causing it to slide despite renewed COVID-19 […]
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 is fluctuating after falling to level 73.39. Previously, the market has been on a sideways move. The current upward move is likely to reach level 76. Daily Chart Indicators Reading:The 21-day SMA and the 50-day SMA are […]
Raoul Pal, former fund manager and CEO of Real Vision, opines that the worse of the COVID-19 pandemic is yet to hit the financial markets. Pal believes that when this finally happens, Bitcoin (BTC) will serve as a “life raft” amid the upcoming chaos. The Wall Street veteran took to Twitter to outline the global […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BearishFrance 40 index is in a downward move. The index has fallen and broken the previous price range. The retraced candle body tested the 38.2% Fibonacci extension on October 12. This indicates that the index will reach level 2.618Fibonacci […]
GBPJPY Price Analysis – October 28 The GBPJPY cross has come under fresh selling bias during the American session and plunged to 14 days low beneath the 135.00 level. Persistent Brexit-related concerns add to selling bias while keeping the GBP lower forcing investors to take refuge in the safe-haven Japanese yen. Key LevelsResistance levels: 144.95, […]
Key HighlightsEthereum faces rejection at $420, may drop to $382Ether will reach a low of $320 if the selling pressure persists Ethereum (ETH) Current StatisticsThe current price: $387.56Market Capitalization: $43,869,223,825Trading Volume: $17,057,619,506Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis October 28, 2020Ethereum is on a downward move after […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF has been on a downward move since September 25. The current downtrend resumes after the retest at level 1.07488. The market is still falling. On October 15 downtrend; the last retraced candle tested the 78.6% Fibonacci retracement. It indicates […]
