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.
Global markets are clearly in no-risk mode ahead of the close of the week. Mixed US employment data has largely been ignored. All attention is focused on the development of the coronavirus infection of US President Donald Trump and their impact on the presidential elections, which will be held in just a month. The yen […]
Bitcoin (BTC) continues to react negatively to yesterday’s unexpected news, after the United States Commodity and Futures Commission (CFTC) and the Federal Bureau of Investigation (FBI) took legal action against top Bitcoin derivatives exchange, BitMEX. About $18 billion has been withdrawn for the global cryptocurrency market since the news broke, and over $20 million worth […]
EURJPY Price Analysis – October 2 EURJPY’s significant progress seems to have encountered a hard obstacle in the 124.20/30 band at the 3-month resistance line. The continuing corrective downside carries the ability to further widen and re-visit the 122.00 region’s September lows. Key LevelsResistance Levels: 127.07, 125.58, 124.24Support Levels: 122.75, 119.31, 117.08EURJPY Long term Trend: […]
USDCHF Price Analysis – October 2 USDCHF takes the bids beyond the 0.9200 level, up 0.21% on a day, ahead into Friday’s American session. A mixed payroll report and rising uncertainty may favor the greenback while a COVID-19 test may elevate the risk sentiment more broadly. Key LevelsResistance Levels: 0.9467, 0.9362, 0.9241Support Levels: 0.9181, 0.9075, […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingThe index is fluctuating between levels 22700 and 23500. The price is fluctuating and testing the resistance and the support levels but unable to break it. The market is now consolidating in the middle of price range. 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. In September, the price is trading above the support line to break it. The index will trend if price breaks below it. The index is consolidating above […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe USD/JPY pair is currently in a sideways move. Since July, the Yen has been trading between levels 105.00 and 107.00. Presently, the pair is rising to level 107. On September 21, the Yen fell to level 104 and resumed […]
Wall Street had a rough session on Thursday and traded with mixed sentiment. The Nasdaq 100 (NDX) jumped by 1.42%, while the S&P 500 (SPX) and the Dow Jones (DJIA) rose by 0.53% and 0.13% respectively. Investors’ sentiment remains under pressure over the second fiscal stimulus package and the ever-increasing number of COVID-19 infections across […]
Key HighlightsLINK faces rejection at the $11 resistanceThe crypto targets the high of $12.18 Chainlink (LINK) Current StatisticsThe current price: $9.34Market Capitalization: $3,270,066,508Trading Volume: $1,394,609,318Major supply zones: $18.00, $20.00,$22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis October 2, 2020LINK rebounded as it reached a low of $7.50. However, the rebound reached a high […]
