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.
As we round off another week, Bitcoin (BTC) appears to be trading at the exact area it started the week in; the $11,600 region. Bitcoin has had a considerably rough week compared to other cryptocurrencies, especially DeFi assets, which recorded massive gains. On the 4-hour chart, we can see that BTC has formed a “double […]
GBPJPY Price Analysis – August 30 The GBPJPY cross continued its rapid intraday drawdown from six-month highs and fell further beneath the 141.00 marks, nearer back to the lower end of its prior daily trading range. The pair added to the gains from the prior week and continued shifting upwards as its attempt to resume […]
Key HighlightsEthereum rebounds attempt to retest the $440 overhead resistanceEther targets the high of $560 Ethereum (ETH) Current StatisticsThe current price: $405.06Market Capitalization: $45,524,303,208Trading Volume: $9,432,951,618Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis August 30, 2020On August 28, Ether rebounded above $380 support as price breaks above the […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is consolidating between levels 3200 and 3400 since July. Since August, it has been fluctuating in a tight range. The index is rising towards the upper price range. Daily Chart Indicators Reading:SHCOMP is at level […]
BNBUSD Price Analysis – August 28 A breakup at the $24 level by the bulls may lead to the soaring of the price to $30 level in which further increase will increases the price to $35. The continuation of the bears defending the $24 resistance level may drop the price to the previous low at […]
Bitcoin (BTC) managed to gain some bullish momentum today as it erased all its losses from yesterday’s slump. Analysts are now suggesting that the benchmark cryptocurrency could see a strong bullish comeback soon thanks to the bounce seen from the $11,130 (yesterday’s low) after it dipped on the back of the Fed-induced volatility. This is […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: RangingJapan 225 index is fluctuating between levels 22000 and 23000. The price has tested the upper price range and it is falling to the lower price range. Initially, the bulls partially break the resistance but index is trading in […]
EURJPY Price Analysis – August 28 Upside risks have controlled the single European currency against the Japanese Yen since the prior trading session. EURJPY drops nearly 70-pips from fresh yearly highs at 126.77 level in the last hour, mainly on news that the Japanese Prime Minister Shinzo Abe is expected to step down from his […]
USDCHF Price Analysis – August 28 USDCHF sellers catch a breather under 0.9050 level during the pre-European session on Friday. The quote slumped to the intraday low for a few minutes while sustaining downside pressure conditions. Key LevelsResistance Levels: 0.9902, 0.9467, 0.9181Support Levels: 0.9000, 0.8850, 0.8639USDCHF Long term Trend: BearishOnce the USDCHF price stays low […]
