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 dollar was the strongest, appreciating against most major rivals. The shared currency was undermined by fears that the economic recovery could take longer than anticipated, as the second wave of coronavirus hits Australia. The overall markets are relatively steady today. The dollar attempted for a brief rally in the early European session. But it […]
Over recent days, Bitcoin (BTC) has been forging a strong correlation to the equities market once again and it has been observed that this occurs usually when global uncertainty is rife. Currently, investors are wracked with fears over the dwindling prospects of second domestic stimulus measures in the US, coupled with the weaning possibility of […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: RangingItaly 40 is range-bound. Presently, the price is in a downward move to break the lower price range. If the lower price range is broken, the index will be in a downtrend. In the meantime, it is consolidating between […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD pair is in an uptrend but it is facing rejection at the recent high 0.6800. The market is currently falling but has reached bearish exhaustion. The selling pressure will terminate at level 0.6593. Daily Chart Indicators Reading:The Kiwi has […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair is on a downward move. A green candle body tested a 50% Fibonacci retracement level. The Yen will fall and reach a low of 2.0 Fibonacci extension level. In other words, the downtrend will extend to the […]
S&P 500 Price Analysis – September 22 The S&P 500 increases to 3301 levels up 0.33% on a day, during early Tuesday. In doing so, the equity derivative rises from the 5th day in a row plunge. The S&P 500 plummeted further in the previous day as fears of the coronavirus (COVID-19) resurgence roiled the […]
USDCHF Price Analysis – September 22 USDCHF increases for the 3rd day in a row as the pair remains mildly bid while trading near 0.9160 level on Tuesday. The pair is aiming to breach upwards the 0.9181 level in the present session. Key LevelsResistance Levels: 0.9902, 0.9467, 0.9200Support Levels: 0.9050, 0.8845, 0.8639USDCHF Long term Trend: […]
The Nasdaq 100 (NDX) index traded on a mixed tone through Monday and closed higher with 0.4%. The markets found some relief yesterday following President Trump’s decision to halt the ban on Chinese social media apps WeChat and TikTok. However, traders are monitoring developments on the TikTok-Oracle deal to get clearer insights into the state […]
Key HighlightsThe bears broke the range-bound movement as price reaches the low of $39Litecoin will reverse at the low of $39 Litecoin (LTC) Current StatisticsThe current price: $43.68Market Capitalization: $2,861,261,200Trading Volume: $2,310,511,995Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis September 22, 2020Following the last bearish impulse on September […]
