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 Nasdaq 100 (NDX) was torn between bullish and bearish following Fed Chair Jerome Powell’s remarks at yesterday’s Jackson Hole Symposium. The equities market wasn’t alone in this volatility rush as gold (XAU/USD), the US Treasuries, and the US dollar (DXY) all whipsawed after the speech. The Federal Reserve’s decision to switch their inflation policy […]
Key Highlights LINK is fluctuating between $14 and $17 The coin will have a target price of $27.50 if the $20 resistance is breached Chainlink (LINK) Current StatisticsThe current price: $14.64Market Capitalization: $5,130,697,076Trading Volume: $1,253,845,489Major supply zones: $18.00, $20.00,$22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis August 28, 2020After a recent breakdown, LINK […]
Bitcoin (BTC/USD) has been in a shaky position for a few days now. The volatility in the market has mostly been in favor of the bears for a while now and today’s price action has only revitalized the impression that further downside is imminent. After the speech by Fed Chair Jerome Powell earlier today as […]
Currently, the GBP/USD pair is trading at 1.3195 in the 1.3161-1.3284 range, practically unchanged the day after a stormy morning in the American session. The focus of the pound until the end of this week will be a speech by the Governor of the Bank of England Andrew Bailey on Friday, where negative interest rates […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingThe index fluctuates between levels 6000 and 6200 since May. The index 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: RangingSince on June 29, EUR/GBP has been fluctuating between levels of 0.89500 and $0.9150. The price has fallen to a lower price range. The selling pressure is likely to be exhausted. Presently, the price action is indicating a bullish signal. […]
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 a sideways move between levels 77.50 and 72.50. Since June the resistance at level 77.50 is yet to be broken. Presently, the pair is facing resistance at level 77.00. The pair may resume […]
AUDUSD Price Analysis – August 27 During the early European session, the AUDUSD pair shot to through one-week highs, around the 0.7260-65 range, but rapidly crawled back a few pips later on. Although the pair got traction for the third straight day despite being overbought. The traction was supported solely by the predominant selling bias […]
EURUSD Price Analysis – August 27 EURUSD is posting modest gains in the 1.1801-1.1850 region while Thursday’s daily chart is showing that the pair is capped beneath the at 1.1850 but has upside momentum. The calm before the storm is awaiting Fed Chair Powell’s critical Jackson Hole speech. The Fed may adopt a looser policy […]
