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 Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: RangingFR40EUR index is in a sideways trend. The index is trading below level 5100 since June. Each time price tests level 5100, the index will resume a sideways move. Today, the market is in an upward move to retest […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF is in a downward move after the rejection at level 1.0800. The pair has fallen and broken below level 1.0750. It appears the downward move will continue as the price retest level 1.0750. Daily Chart Indicators Reading:The pair is […]
GBPJPY Price Analysis – October 14 The GBPJPY cross reversed an early European session slide to lows of 135.66 level and rally to daily highs, around the 136.74 regions in the last hour, albeit lacked follow-through. The British pound was pressured by concerns about new coronavirus restrictions and the possibility that the Bank of England […]
Gold (XAU/USD) has recovered by about $15 from yesterday’s low and has recorded a new daily high in the early European session, as bulls fight for $1900 again. The yellow metal found some dip-buyers at the $1882 area and appears to have stalled the steep retracement from its recent three-week high at $1933. A weakened […]
EURCAD Price Analysis – October 14 The common European currency has declined by approx 150 pips from the start of the week against the Canadian Dollar. The continuation of the downside bias in EUR comes in response to the risk aversion scenario sustained by rising uncertainty in the European markets. All things being equal, EURCAD […]
XRP/USD Market October 14 The resistance level at $0.27 may be reached and if it is penetrated, the $0.33 price level is the next target. In case the support level at $0.25 is penetrated downside, the price will target the low support levels at $0.22 and $0.20. Key Levels: Resistance levels: $0.27, $0.29, $0.33 Support […]
Key HighlightsEthereum battles the resistance at $380 and $390 highsA further upward movement of the coin is expected Ethereum (ETH) Current StatisticsThe current price: $381.58Market Capitalization: $43,117,889,817Trading Volume: $12,922,255,056Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis October 14, 2020Ethereum is battling the resistances at $380 and $390 to […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD has resumed a downward move after rejection at level 1.3400. The coin is falling to revisit the previous low at level 1.3000. The downward movement will persist once level 1.300 is breached. Daily Chart Indicators Reading:The 50-day SMA and […]
The sterling is generally down today as the UK unemployment rate rose more than expected and parts of the country return to lockdown. Besides, it looks like there will be no progress on Brexit negotiations ahead of the EU summit later this week. The Australian dollar is the second weakest as China tries to stop […]
