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.
Forex trading has become a very popular activity for people. In the recent decade, the surge in the FX market is visible and people are constantly looking for new opportunities to earn money on the largest financial market. Few would deny that exchange rates should be at least partly determined by the supply-demand ratio, i.e. […]
The dollar is recovering early in the US session on better-than-expected employment data. However, at the moment it remains the weakest in a week. The momentum to buy the dollar does not yet guarantee a reversal. At the moment, there are multidirectional dynamics in the foreign exchange markets, with a moderate fall in the sterling […]
Bitcoin (BTC) has, by some stroke of luck, avoided all three unfilled CME gaps this week and has gone on to record its highest level since July 10, 2019, at $13,261. The main catalysts for the one-of-a-kind bull rally was the announcement made by Paypal yesterday, stating the payment solution behemoth’s plan to begin facilitating […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingAustralia 200 is fluctuating below level 6200 in the last four months. On October 16 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. It indicates that the market will reach level 1.272 Fibonacci extension. In other […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe Pound downtrend has reached bearish exhaustion. Buyers are emerging in the oversold region. On September 11 uptrend, the last retraced candle body tested the the38.2% Fibonacci retracement level. This indicates that EUR/GBP will rise and reach level 2.618 Fibonacci […]
Key HighlightsBCH regains the critical support at $250 highThe coin has a targeted price of $306.52 Bitcoin Cash (BCH) Current StatisticsThe current price: $271.38Market Capitalization: $5,034,581,664Trading Volume: $3,346,777,371Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis October 22, 2020For the past week, BCH was in a downward move […]
EURUSD Price Analysis – October 22 The EURUSD pair exited overbought conditions and is ready to rally while correction sets in towards the 1.1807 regions. EURUSD has been keeping onto earnings arising from stimulus anticipation but foreign meddling in the US elections and increasing COVID-19 incidents may confine any earning. Key LevelsResistance Levels: 1.2150, 1.2011, […]
The EUR/AUD traded through the European session on Thursday with a sideways bias, as the global markets’ risk mood gets a lift, and the ECB likely to leave its policy unchanged. Meanwhile, the rising numbers of COVID-19 infections and lockdown restrictions on the continent should thwart any significant gains in the EUR in the coming […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishThe AUD/JPY pair has been in a downward move. This is immediately after the rejection at level 76.50. A retraced candle body tested the 61.8% Fibonacci retracement level. This implies that the Yen will further decline to level 1.618 Fibonacci […]
