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.
GBPUSD Price Analysis -September 6 At the end of the prior week, the GBPUSD pair bottomed at 1.3175 level, moving ahead to end the day little changed at 1.3280 level. The GBPUSD was hit by a lower than expected August Construction PMI during European trading hours, resulting from 58.1 in July at 54.6 for August. […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 share has continued to consolidate sideways since June. The price action is characterized by small body candlesticks. The bears have broken the lower levels of the market. Presently, the share is approaching level 5700. Daily Chart Indicators Reading:The 21-day […]
GBPJPY Price Analysis – September 6 Recently, the GBPJPY took a U-turn from the horizontal barrier at level 142.71 in the previous sessions while opting not to pursue the recent losses in the last few days of the week. Buyers are thus following an ascending trend line as of June 5th, 2020. Key LevelsResistance Levels: […]
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 was earlier in a downtrend but has resumed the uptrend. A retraced candle body tested the 0.786 Fibonacci retracement level. The Kiwi will rise and reach the 1.272 Fibonacci extension level or 0.6900 high. At this level, the […]
Just a couple of days ago, Bitcoin (BTC) was flying high above the $12,000 mark. Fast-forward to today and the benchmark cryptocurrency is struggling to close today’s candle above the $10,000 key support. It all came crashing for Bitcoin when the US equity markets picked up strong demand, causing excess supply for the cryptocurrency. Meanwhile, […]
Key HighlightsEthereum falls and reaches the $320 support levelThe biggest altcoin is likely to reverse Ethereum (ETH) Current StatisticsThe current price: $329.86Market Capitalization: $37,104,087,419Trading Volume: $31,884,975,797Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis September 6, 2020Ether has been on a downward move after the breaking of the last […]
In the US, 1.371 million jobs were created, but the government supported them. Looking under the hood, the data is not as good and the stock market correction could continue. The dollar rallied against major European currencies, and Yen, as overall nonfarm payrolls came close to expectations. It is encouraging that the unemployment rate has […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingThe index has continued to fluctuate between levels 22000 and 23000. Presently, the price has broken the resistance line and has continued to fluctuate above it. The price action is characterized by small body candlesticks called Doji. Daily Chart […]
It has been a rocky week for Bitcoin (BTC) as the cryptocurrency shed all the gains it had accrued over the past couple of weeks. From a ‘big picture’ perspective, the benchmark cryptocurrency has been consolidating for months as bulls defended the $11,000 price point while bears prevented any major rally above $12,000. It appears […]
