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.
On Wednesday, the dollar continued to lose ground against all its main rivals. Hopes for a US stimulus package kept it on the sell-off despite poor stock performance as European indices closed in the red, while US indices were only able to post modest intraday gains but closed the day in the red. Negotiations between […]
The newly found bullish momentum in Bitcoin (BTC) has been unrelenting over the past few days. The benchmark cryptocurrency has grown by about $2,500 since its monthly low at $10,377. All through sep[tember, BTC traded on a directionless bias. At some point, analysts worried that the price could fall sharply to fill the (still unfilled) […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFrance 40 index is in a range bound move. The index is currently fluctuating between levels 4800 and 5100. Recently, the price broke the lower price range but pulled back into the range-bound zone. The price is falling to […]
Key HighlightsEthereum is trading in the bull marketETH breaks the resistance at $395, targets $430 high Ethereum (ETH) Current StatisticsThe current price: $396.05 Market Capitalization: $44,790,814,548Trading Volume: $19,161,188,307Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis October 21, 2020Ethereum is making an impressive move on the upside. Today, the buyers […]
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 is in a range-bound movement. The pair is now in an upward move from the low of 1.0688. The market has reached bearish exhaustion. The pair will revisit the previous range-bound zone. Today, the price is retracing after the […]
GBPJPY Price Analysis – October 21 Buying interest in the British pound picks up at the start of the European session as the GBPJPY moves to its weekly range highs around 137.20. The resumption of Brexit negotiations and the prevailing risk environment are undermining the Japanese yen. This arrangement favors buyers and supports further growth […]
Gold (XAU/USD) traded on an upbeat momentum in the early European session and renewed its daily high around $1923, although it lacked any follow-through strength. The yellow metal has now traded on a bullish momentum for the third consecutive session on Wednesday. The current bearish bias surrounding the US dollar (DXY) was seen as the […]
EURCAD Price Analysis – October 21 The common European currency has increased by 25 pips or 0.17% against the Canadian Dollar since the days start. The EURCAD is currently trading in a narrow channel formation. Overnight the Canadian dollar weakened against other major curries as investors’ risk appetite improved. Key LevelsResistance Levels: 1.5739, 1.5675, 1.5600Support […]
XRP/USD Market October 21 The breaking up of the $0.25 resistance level will push up the price to resistance levels at $0.25, $0.27, and $0.29. The interruption of the bullish movement by the bears may result in price consolidation. Key Levels: Resistance levels: $0.25, $0.27, $0.29 Support levels: $0.23, $0.22, $0.21 XRP/USD Long-term Trend: Bullish […]
