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.
Gold (XAU/USD) continued on its consolidation bias in the early European session on Wednesday and was last spotted trading at a fresh daily low of $1893. The yellow metal experienced a renewed bearishness and erased the previous day’s gains, although it remained well within a four-day-old trading range. A healthy bounce in the US dollar […]
EURCAD Price Analysis – October 28 The Canadian dollar continues to outperform amongst G10 currencies with EURCAD staying in a sideways market beyond the 1.5550 level. EURCAD is in buyers’ territory and well on its way for prospects of a higher high. However, the Bank of Canada (BoC) policy update should be modestly CAD supportive. […]
XRP/USD Market October 28 An increase in the bears’ pressure will further decrease the XRP price to the $0.23 level, suppose the last-mentioned level does not hold, the price will test the $0.22 which may finally place the price at the $0.21 level. In case the $0.23 holds, the bullish trend may continue and the […]
USDCHF Price Analysis – October 28 The USDCHF extends the positive traction beyond the 0.9100 level while the pair attempted to break above the top for the third day in a row. The emergence of buyers around the US dollar-backed the surge and seemed somewhat unaffected by the prevalent risk-off situation. Key LevelsResistance Levels: 0.9241, […]
S&P 500 Price Analysis – October 28 S&P 500 declines under 3350 level while flashing red on renewed coronavirus concerns and fading prospects of additional fiscal stimulus deal. At press time, the S&P 500 futures are down over 0.85% at the 3349 levels. S&P 500 has seen a sharp sell-off and a daily close beneath […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BullishUSD/CAD is in a downward move. The pair fell to level 1.3100 and moved up. After retesting the low, the price is rising. Daily Chart Indicators Reading:The 50-day SMA and the 21-day SMA are sloping downward indicating the downtrend. The […]
According to research on cryptocurrency by Grayscale Investment, the number of US-based Bitcoin (BTC) investors is on a steep climb. The popular digital assets manager noted that the COVID-19 pandemic is largely responsible for this increase. The 2020 research, titled “Bitcoin Investor Study,” is geared towards illustrating US investors’ perception of Bitcoin and how it […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BearishItaly 40 is in a downward move. The index is falling and approaching the lower price range. A break below level 18200 will ensure further downward movement of the index. The price has fallen to level 18615 at the […]
Key HighlightsLitecoin faces resistance at $60 highThe coin is likely to reach another high of $65 Litecoin (LTC) Current StatisticsThe current price: $55.77Market Capitalization: $3,798,737,096Trading Volume: $3,598,132,866 Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis October 20, 2020Litecoin has resumed upside momentum has price breaks above the $51 […]
