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 Yen as a whole is trading higher and is likely to rebound from the dollar to strengthen elsewhere. The dollar is currently the second strongest today, but it is just licking the wounds of the past week. Commodity currencies are slightly lower so far, digesting last week’s gains. The economic calendar is bright today […]
Earlier today, the bearish momentum surrounding the Chinese yuan picked up following the decision of the People’s Bank of China (PBoC) to reduce its FX risk reserve ratio to zero. This sparked some serious bearishness around the AUD, considering the ties of the Australian economy and China. Furthermore, Gold (XAU/USD) stalled through most of today […]
Bitcoin (BTC) is breaking higher barriers right now as the US markets open for business in the new week. Over the past few hours, the benchmark cryptocurrency played out the exact manner we predicted in our previous analysis. After consolidating for an extended period, BTC fell to the $11,180 area and quickly recovered, before clearing […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is range-bound between levels 12400 and 13400. Buyers face rejection at level 13450. The index has been fluctuating for over three months. The index has risen and it is approaching the resistance line to break above it. […]
EURUSD Price Analysis – October 12 At the beginning of the week amid Friday’s positive results, EURUSD persists in range, attempting to extend the steady recovery further north of the key barrier past the 1.18 mark. In the meantime, buyers may track closely the dynamics of another important week concerning the UK-EU Brexit negotiations, US […]
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. The bears have broken the lower price range as it continues the downward move. The downtrend may continue if price breaks below level 1.0700. The selling pressure will continue to a low of 1.0625. […]
XAGUSD Price Analysis – October 12 Silver (XAGUSD) buyers push the price to $25.26 level, after initially refreshing the prior week high, during Monday’s European session. XAGUSD is moving higher for the 4th day in a row beyond $25. Silver (XAGUSD) surged higher on Friday, lifted by US stimulus hopes and a weaker US dollar. […]
Gold (XAU/USD) continues to trade near its monthly highs around $1933 as speculations over a fresh round of stimulus measures in the US weighs heavily on the greenback. The precious metal fought against the odds and extended its recovery from its monthly low around $1873 despite several risk-boosting events. Analysts have proposed that gold’s decline […]
NEO Price Analysis – October 12 The ability to break up the two dynamic resistance level will place the price at the resistance level of $19, in case the level is penetrated upside, then, NEO will be exposed to the $22 price level, above it is found a significant level of $25. NEO/USD Market Key […]
