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.
Explained below are a few reasons why Bitcoin is believed to be valuable. It is Recognized as a Good Store of Value (SoV) There is a rule in economics which states that an asset is valuable if it exhibits two qualities; scarcity and utility. Scarcity implies that there is a finite supply of that asset, […]
GBPUSD Price Analysis – November 24 The FX pair near term bearish momentum had extended its move in the prior session towards the minor horizontal zone on the level at 1.2824. In the process, the GBPUSD attempted to breach the technical zone for a push lower but stalled, it is likely that a reversal north […]
The apex bank of the US is evaluating potential risks as well as the advantages of creating a central bank digital currency. As reported by a financial correspondent on the 20th of November, Fed Chairman, Jerome Powell, has responded to a previous letter addressed to the Fed Chair by US Reps French Hill and Bill […]
EURJPY Price Analysis – November 22 The European common currency traded between the range on the level at 120.40 / 120.03 handle versus the Japanese yen during yesterday’s trading session. However, an increased momentum may likely impact the FX pair in the next session. In this scenario, the exchange rate may display a level of […]
In the last few weeks, the trade talks between the US and China had been major headlines of the news report. The trade talks between the two giant economies have been mystique with a lot of speculations. Investors have held hopes in previous times about it being resolved quickly when both countries came out to […]
Key Resistance levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Expectedly, XRP has traded to the bottom of the chart. In the previous analysis, we have indicated that the price will reach a low of $0.24. At that support, the bearish pressure may continue to the low of $0.22. […]
The Store of Value thesis purports that an item that is presently valuable will continue to be valuable in the future. SoV represents the ability of an item that isn’t a commodity of currency to sustain and even increase in value over a given period. Is Bitcoin a good SoV? Listed below are a few […]
AUDUSD Price Analysis – November 21 Over the past 24 hours, the Australian dollar has depreciated by approximately 44 basis points versus the US dollar. The currency pair crossed the lower horizontal zone on the level at 0.6810 during yesterday’s trading session. Key Levels Resistance Levels: 0.7205, 0.7085, 0.6929 Support Levels: 0.6769, 0.6710, 0.6670 AUDUSD […]
Key Resistance levels: $220, $240, $260 Key Support Levels: $160, $140,$120 BSV/USD Long-term Trend: Bearish Bitcoin SV was in a bearish trend until the market fell to a low of $80. The price consolidated above the support at $80 for a month before the price corrected upward. The upward movement was interrupted as the bulls […]
