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.
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging The index is consolidating between levels 3200 and 3400. The price fluctuation is concentrated at the upper range. In the last three months, the price sideways move has persisted. The index is yet to trend since […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY pair is currently in an upward move. A red candle body tested 0.618 Fibonacci retracement level. The Yen will rise and reach a high of 1.618 Fibonacci extension level. The price is breaking above the SMAs. The pair […]
The Nasdaq 100 (NDX), Dow Jones (DJIA), and the S&P 500 (SPX) saw significant declines in yesterday’s trading session. Despite being ahead of the pack since the mid-March boom, tech stocks recorded the most losses yesterday, steering the NDX into a strong bearish retracement. Some analysts have commented that the tech industry has been in […]
EURJPY Price Analysis – September 4 The selling bias in the European currency imposes a limit on EURJPY and, on Friday, may pull it further south of the 126.00 marks ahead of Key US data. EURJPY is stepping up withdrawal from the new 2020 highs just beyond the level of 127.00 reported earlier in the […]
USDCHF Price Analysis – August 4 On Friday, the USDCHF exchanged in the positive territory slightly beyond the 0.9100 level and entered a consolidation phase as investors are now awaiting key US results. As of writing, the pair was up 0.19 percent on the day at 0.9112 level. After the damage from the interventionist shift […]
BNBUSD Price Analysis – September 04 The price may reduce to $18 and $16 support level provided the support level at $20 does not hold. In case the just mentioned level holds, BNB price may increase towards the resistance levels at $22, $24, and $35. BNB/USD Market Key levels: Supply levels: $22, $24, $30, $35 […]
Key HighlightsLINK risks further decline to $8The recent uptrend is likely to be terminated Chainlink (LINK) Current StatisticsThe current price: $12.03Market Capitalization: $4,211,585,133Trading Volume: $1,866,112,988Major supply zones: $18.00, $20.00,$22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis September 4, 2020LINK is trading at $12 at the time of writing. The coin has been fluctuating […]
The weekly jobless claims report on Thursday was better than expected. However, analysts note that the marked decline in initial claims has been exaggerated due to a change in methodology and is not a sign that the labor market recovery is gaining momentum. The level of new and ongoing requirements remains high, signaling that the […]
Bitcoin (BTC) has undergone a dramatic loss extension, as it shed more than $1000 in just under 24 hours. In yesterday’s analysis, we speculated that Bitcoin could consolidate for a while before a major breakout. Based on our 4-hour chart, that is exactly what happened. After a while of holding around the $11,400-200 region, BTC […]
