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 US equity markets traded lower on Thursday, as losses in the Healthcare, Technology, and Telecommunications sectors weighed heavily on markets. By the close of the market yesterday, the Nasdaq 100 (NDX) dropped by 0.72%, while the S&P 500 dropped by 0.15%, and the Dow Jones (DJIA) declined by 0.07%. With the 2020 Presidential Election […]
EURJPY Price Analysis – October 16 EURJPY is accelerating from a low of around 123.00 as upside potential prevails over sellers for another session on Friday. The cross has so far managed to hold above the 123.00 level. Given the uncertainty, it would be a mistake to set an end date for the response to […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is range-bound between levels 3200 and 3400 since July. The index is falling as it faces rejection at the upper price range. That is, a downward movement of the index is expected. The index may retest […]
USDCHF Price Analysis – October 16 USDCHF hovered around its weekly highs while maintaining an upward trend above the 0.9100 average, although there were no strong subsequent purchases. During the European session on Friday, the pair hovers around the daily high of 0.9162, which is currently down 0.10% to hit 0.9134. Key LevelsResistance Levels: 0.9600, […]
BNBUSD Price Analysis – October 16 The pullback is ongoing and the price may continue the bullish trend towards the resistance levels at $33 and $35 in case the $31 price level does not hold. Further increase in the bears’ pressure may break down the $29 price level which may decline to $26 and $24 […]
Key HighlightsLINK faces another rejection at $11.81 as it resumes downtrendLINK may slump to level $9.33 Chainlink (LINK) Current StatisticsThe current price: $10.50 Market Capitalization: $3,673,518,965Trading Volume: $1,213,763,942Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis October 16, 2020LINK downtrend was partially interrupted on October 7, when the coin rebounded […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair is currently in a downward move. The pair retested level 106.00 to resume a downward move. The selling pressure is likely to continue as price breaks below the Simple Moving Averages. Daily Chart Indicators Reading: The 50-day […]
Price Analysis – October 15 The break up at the resistance level of $2.7 will expose the price to the next barrier level at $2.9; further increase in the bulls’ pressure may place the price at the $3.3 price level. The penetration of the demand level at $2.3 will decline the price to $2.2 and […]
The Australian dollar fell broadly today after the RBA hinted at further monetary easing next month. This is also exacerbated by ambiguous job data as well as weaker attitudes towards risk. Now it looks like US policymakers won’t agree to a new stimulus deal ahead of the elections. US stocks have struggled to break record […]
