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.
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is still in a sideways move. The index is currently fluctuating between level 5780 and 6100. Today, the market is rising to the upper price range. Daily Chart Indicators Reading:The 21-day SMA and 50-day SMA are sloping horizontally. It […]
Key HighlightsEthereum rebounds above $364 as the coin begins upside momentumThe coin is likely to retest the $395 resistance Ethereum (ETH) Current StatisticsThe current price: $376.62Market Capitalization: $42,580,385,793Trading Volume: $10,563,951,832Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis October 18, 2020Today, ETH rebounds above $369 support to reach a […]
GBPUSD Price Analysis – October 18 On Friday, the GBPUSD exchange rate fell to the 1.2862 level and later the rate reversed north to reach a high level of 1.2962. As Boris Johnson made sobering comments that the UK should get ready for a no-deal Brexit, some downside risk could likely prevail in the market. […]
GBPJPY Price Analysis – October 18 GBPJPY tends to have been capped at 136.62 level around the upside horizontal barrier after attempts to drive higher were curtailed on the daily chart by the moving average of 5 and 13. The pair is edging sideways as the trend has been taken by horizontal traction. Key LevelsResistance […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD resumes upward move but faces resistance at level 0.6800. Buyers are resuming a fresh uptrend at the 0.6545 support level. The pair will move up to retest the 0.67000 price level. Daily Chart Indicators Reading:The Kiwi has risen to […]
Veterans of the markets generally agree that trading is largely psychological. That is one of the reasons why a trader with suboptimal strategy will trade profitably and another trader with a good strategy will be making losses. The method one trader uses to trader their way to financial freedom is what another trader uses and […]
Sterling is in the spotlight today in relatively calm markets. The excitement over Brexit caused strong volatility in the pound. But it remains within acceptable limits as, after all, negotiations between the UK and the EU will continue next week, perhaps with some intensification. As for the week, the Australian dollar remains the weakest, followed […]
Bitcoin (BTC) traded through the week on strong bullish momentum. However, this momentum has recently been opposed by two major catalysts including an OKEx saga and an unfilled CME gap. The founder of OKEx, Mingxing Xu, was recently arrested in China and is being questioned. With Xu in police custody, the platform, which hollies over […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingJapan 225 is fluctuating between levels 22800 and 23600. On October 8, the index reached a high of 23723 but was resisted. For the past week, the market has been on a downward move. However, the range-bound levels have […]
