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.
The AUD/NZD continued on its bearish momentum on Monday, as both currencies exhibit unclear biases as the USD (DXY) waxes stronger. The pair recorded a new 3-month low around 1.0637 in the early European session today. Earlier today reports from Australia illustrated that the country recorded better-than-expected trade surplus data. However, this positive development failed […]
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. On October 15 downtrend; a retraced candle body tested 78.6 % Fibonacci retracement level. This indicates that the pair will fall and reach a low of 1.272 and later reverse. […]
XAGUSD Price Analysis – October 26 XAGUSD confronts selling pressure on Monday as coronavirus concerns weighed over the risk sentiment and strengthened the haven demand for the US dollar. The white metal dropped to the $24.09 level, the lowest level since Oct.15, during the early trading hours. The risk-off occurs as the US registered a […]
Gold (XAU/USD) traded lower in the early European session on Monday and has fallen to a new one-week low in the Asian session, although bears lacked any follow-through strength. The yellow metal continued on its decline from the $1933 supply zone and has traded on a depressing sentiment for its third consecutive session today. The […]
NEO Price Analysis – October 26 The crypto may retest the support level at $16 and break down the level, decline to $14, and $12 support level. In case the price is rejected at $16, then the ranging movement may continue. At the upper side of the market above $19 levels, resistance levels can be […]
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. The pair faced rejection at level 0.9250. The market is rising to retest level 0.9100 for a possible downward move. Daily Chart Indicators Reading:The 50-day and 21-day SMAs are sloping […]
XRP/USD Market October 25 The price can break down the dynamic support levels which may lead to the price decrease to the $0.23 level, further increase in the bears’ pressure may place the price at $0.22 and $0.21 support levels. In case the dynamic support levels hold the price, the bullish trend may continue to […]
Ever since Facebook publicized its plans to develop a digital currency called Libra, central banks across the globe have tried to counter it with their cryptocurrency. While Facebook’s Libra has come under heavy scrutiny and regulatory obstacles, more than 80% of the world’s central banks are working assiduously to develop a central bank digital currency […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: RangingThe index is in a downward move below level 29000 overhead resistance. The market has been on a downward move after the bulls fail to break the overhead resistance. The index has reached a low of level […]
