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 ECB has announced its latest monetary policy decision that boosted the common currency and spurred dollar sales across the board. The central bank left rates and quantitative easing unchanged, as expected, although President Lagarde is mostly optimistic about the economic recovery. Politicians are aware of the exchange rate but have not demonstrated any targets […]
Bitcoin (BTC) remained in a directionless fit today, although appeared to be inching ever so closely to the upside. Records show that about $11 billion has flooded back into the global crypto market over the past 48 hours. A large percentage of this influx of investment comes from the recent pickup in Ethereum (ETH), which […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingThe index is range-bound between levels 5800 and 6200 since May. It is consolidating in a tight range. Besides, the market is in a tight range. Buyers have tested the resistance line at three occasions to break it. The […]
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 on an upward move since September 3. The price has broken level 0.9150 and reached a high of level 0.9250. The price reached the overbought region. Sellers may emerge to push prices downward. In the trend […]
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 is currently trading in an uptrend. On August 31 uptrend, the last retraced candle body tested the 38.2% Fibonacci retracement level. It indicates that the pair will rise and reach the 2.618 Fibonacci extension level. That is, […]
AUDUSD Price Analysis – September 10 The AUDUSD pair stays beneath the 0.7300 marks bound into the American session in a range during the European session and maintained the positive recovery from two-week lows. The recent Aussie data can be counted as fundamental precursors behind the quote’s pullback, as well as risk-reset. Key LevelsResistance Levels: […]
Gold (XAU/USD) continued on a directionless bias around the $1951 resistance in the early European session. The yellow metal ran out of steam around the $1951 level after a strong $30 overnight gain. The bounce was mainly as a result of some renewed selling around the US dollar (DXY), which usually bolsters demand for the […]
EURUSD Price Analysis – September 10 The Euro progresses higher in trading early Thursday, following positive gains around the 1.1830/40 levels hurting pessimistic sentiment in the near term. EURUSD has improved as investors expect the European Central Bank (ECB) to send out a message of confidence. Key LevelsResistance Levels: 1.2011, 1.1965, 1.1916Support Levels: 1.1750, 1.1685, […]
Bitcoin SV Price Analysis – September 10 More pressure from the bears will push the price down to the previous low at $153 and in case it does not hold, the price may reduce to $134 and $130 price level. Should the bulls prevent the price reaching the $153 level, bullish momentum may continue and […]
