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 fundamental news on Thursday kept investors on their toes, who ignored macroeconomic changes. The key topics were the US stimulus package and the post-Brexit deal between the UK and the EU. House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin continued their discussion of a possible coronavirus relief package. However, in mid-afternoon in the […]
Bitcoin (BTC) had two major candle closes yesterday, as it ended its monthly and quarterly candles. Although the anticipation of this close didn’t inspire any significant volatility, the cryptocurrency was able to maintain its footing above $10,500 before and after the close, which gave bulls significant strength earlier today. The strength gotten from this close […]
EOSUSD Price Analysis – October 01 The crypto may continue in the bearish trend, the support level of $2.7 may be retested and penetrated to expose the coin to the $2.2 and $1.7 demand level. The price may reverse at the $2.3 price level should the bears fail to break down the level. EOS/USD Long-term […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingAustralia 200 is range-bound between levels 5800 and 6200 since May. It is consolidating in a tight range. Buyers have tested the resistance line on three occasions to break it. The price has broken below the support line but […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair is now in an uptrend. A red candle body tested the 61.8% Fibonacci retracement level. The Pound will rise and reach the high of level 1.618 Fibonacci extension level. That is the high of 0.9558. Daily Chart […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair has resumed the uptrend. A red candle body tested the 38.2% Fibonacci retracement level. The pair will rise and reach the 2.618 extension. That is, the high of level 82.88. Daily Chart Indicators Reading:The 21-day SMA and […]
AUDUSD Price Analysis – October 1 The AUDUSD has recovered optimistic bias during the initial half of the trading activity on Thursday, with investors now seeking a steady advance toward the 0.7200 marks. The trend was assisted by several factors – the upbeat market sentiment and a weaker mood around the US dollar. Key LevelsResistance […]
The EUR/AUD has traded through the week under some bearish pressure since it hit the key resistance at 1.6567 last week and was last spotted trading near the 1.6300 support on Thursday. The European Central Bank (ECB) announced recently that it was set to ‘tweak’ its major policy objectives, as it continues to battle the […]
EURUSD Price Analysis – October 1 EURUSD buying interest picks up traction near the 1.1770 region-or multi-day highs as the pair progresses on high expectations for a US fiscal agreement. The pair may be haunted by a possible deadlock in negotiations, fears of a disputed election, and growing US coronavirus infections. Key LevelsResistance Levels: 1.2011, […]
