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.
Gold (XAU/USD) climbed higher through the early European session on Wednesday and was last spotted trading within the $1960 pivot zone. The yellow metal appears to be regaining its bullish momentum as it etched closer to its two-week high yesterday. The growing weakness surrounding the US dollar (DXY) was seen as the major factor bolstering […]
XRP/USD Market September 16 The breakup of the two EMAs will lead to the breakout of the price at the resistance level of $0.25 which may extend to the resistance level at $0.27 and $0.29 price levels. The breakdown of the support level at $0.22 will push down the price to $0.20 and $0.17 levels. […]
ADA Price Analysis – September 16 Cardano price is currently decreasing towards the support level at $0.08, and in case the level could not hold the price, the price may reduce further to $0.07 and $0.06 price level. Should the support level of $0.08 holds, price consolidation may continue. ADA/USD Market Key Levels: Resistance levels: […]
Key HighlightsEthereum may retrace to $310 lowThe biggest altcoin will reach a low of $241 if the selling pressure persists Ethereum (ETH) Current StatisticsThe current price: $359.92Market Capitalization: $40,534,201,766Trading Volume: $17,001,712,126Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis September 16, 2020The biggest altcoin has fallen to $360 at […]
Bitcoin (BTC) bulls had a good run today as they pushed the benchmark cryptocurrency closer to the $11k target and sought to break out of the recent downtrend. The cryptocurrency appears to have benefited from the recent bearishness in the US dollar (DXY). This has sent both gold and Bitcoin, as well as the equity […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: RangingItaly 40 is range bound. The index is consolidating between levels 18000 and 21000. Each time the price tests the resistance zone; the index will fall and resume the sideways move. The index is trading in the middle of […]
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 pair is in an uptrend. On September 2 uptrend; the pair was resisted at 0.6800 high. The retraced candle body tested the 50% Fibonacci retracement level. It indicates that the Kiwi will rise and reach a high of 2.0 […]
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 […]
USDCHF Price Analysis – September 15 The USDCHF pair maintained its selling bias through the first half of the European trading session, staying low for the 5th day in a row beneath the 0.9100 level. The pair extended its recent rejection slide from the 0.9200 marks amid sustained selling around the US dollar. Key LevelsResistance […]
