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: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bullish Yesterday, LTC dropped to $45 low and resumed upward move. The coin has previously rebounded above $44 low which propelled it to reach a high of $50. Unfortunately, the coin was overbought at $50 which resulted in the […]
Li Lihui, a leading member of the blockchain research team at China’s National Internet Finance Association (NIFA), believes the cryptocurrency release of the central bank is inevitable. Showing up inside a podcast hosted by People’s Daily reporting China’s digital yuan issuance or how it might affect the flow of money and financial regulation, the Bank […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bullish Italy 40 was in a downward move as the index fell to level 17027. The ITA40 has been facing resistance at level 18000. The bulls have been repelled on three occasions at the resistance without breaking above […]
USDCHF Price Analysis – May 5 Throughout the pre-European session on Tuesday, USDCHF holds fast to marginal gains of 0.5 percent thus moving rounds past 0.9700 levels into American sessions. By so doing, the pair is increasing rebound earnings from Friday’s low level of 0.9589, and also from the base of five weeks. The latter […]
The Federal Reserve Bank of America has announced that it is committing to printing more money in the coming weeks. The information was delivered last week by the Fed Chair, Jerome Powell, in a statement explaining the rut the Covid-19 pandemic has placed the United States’ economy. He added that the second quarter data will […]
S&P 500 Price Analysis – May 5 Yet again, the S&P 500 has managed to hold on to a closing rebound from its rising 13-day average, presently seen at 2880 levels. S&P 500 seems to be seeking its initial significant break following a 35 percent recovery from the lows. The World Health Organization (WHO) stays […]
Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging Since in April, the Yen has been in a sideways move. The price has been fluctuating between 106.000 and 109.000 in the last one month. The market is currently trading at level 106.728 at the time of writing. […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bullish Ripple is currently trading at $0.21972 at the time of writing. The recent upward move has been hampered at the resistance of $0.24000. The bulls were repelled and the market fell to the support above $0.21000. Buyers have been […]
On May 4, 2020, DigiByte (DGB), one of the major open-source and fully decentralized distributed ledger technology (DLT) networks, disclosed it is searching for blockchain programmers that can bring value to upcoming ecosphere initiatives. The team believes a few of the initiatives come with quite a reward whereas others will support the involved programmers get […]
