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.
GBPJPY Price Analysis – October 11 GBPJPY is notably higher for the third day in a row after completing the week 1.16 percent higher at 137.79 after gaining 61 pip trading at 137.73 level relatively unchanged on the day, having placed early Friday at a low of 136.79 level. It’s Brexit season again and Brexit […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD resumes upward move but faces resistance at level 0.6800. A red candle body tested the 50% Fibonacci retracement level. It indicates that Kiwi will rise and reach a high of 2.0 Fibonacci extension level. That is the high of […]
BNBUSD Price Analysis – October 10 Further increase in the bulls’ pressure may break up the $29 resistance level; this may lead the price to the resistance levels at $31 and $35. On the downside, the bears may break down the support level at $26, down to the next levels at $24 and $22. BNB/USD […]
The Canadian dollar rose sharply overnight after a strong surge in oil prices, in part due to a strike in Norway that affected 1 million barrels a day of crude oil production. The Canadian dollar is also strongest in the week, awaiting employment data for the next move. The Yen remains the weakest along with […]
EURJPY Price Analysis – October 9 EURJPY tries to gain extra momentum and rebound beyond the level at 125.00 on Friday. After wrapping up discussions on a stimulus plan, President Trump has reneged, saying he’s ready to discuss a pruned-down stimulus package. Key LevelsResistance Levels: 127.07, 126.46, 125.58Support Levels: 124.43, 122.37, 119.31EURJPY Long term Trend: […]
Bitcoin (BTC) and the rest of the cryptocurrency market have been riddled with intense bullishness for the past 48 hours, following a huge BTC acquisition by a popular financial services company, Square. The recent development has been perceived by analysts as a very bullish factor for Bitcoin, as increased corporate adoption will significantly bolster the […]
USDCHF Price Analysis – October 9 USDCHF plunges to 0.9098 level, down 0.79% intraday, during the American session on Friday. In doing so, the pair is posting 3 consecutive days of losses. After trading early in a tight range USDCHF pair lost its upside traction as the US Dollar Index (DXY), which tested 94.00 earlier […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingJapan 225 is fluctuating between levels 22600 and 23500. The price is testing the resistance and the support levels but unable to break it. The price is unable to break the resistance line as it resumes downward. Daily Chart […]
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 trading at the lower price range above the support line. The sideways move will continue if the current holds. Otherwise, the index will resume […]
