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.
This past week has seen Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and several other major cryptocurrencies undergo significant downward corrections against the US dollar (DXY). Bitcoin’s decline, after touching the top $12,000 level, increased in pace after it broke below the $11,800 support. It subsequently dipped below the $11,500 and tested the $11,350 support. A […]
XRP Weekly Price Analysis – August 23 The ability to break down the support level at $0.26 by the bears will reduce the XRP price to $0.21 and $0.17 support levels. The inability to penetrate the $0.26 price level downside may return the price towards the resistance levels at $0.29, $0.33, and$0.36. XRP/USD Market Key […]
GBPUSD Technical Analysis – August 23 The GBPUSD pair ended the week unaltered in the price region of 1.3085, retreating from the year-high at 1.3267 level tested during the mid-week preceding. Nonetheless, the Brexit-related news was not so positive as yet another round of talks ended without success. Key LevelsResistance Levels: 1.3514, 1.3303, 1.3185Support Levels: […]
GBPJPY Price Analysis – August 23 The GBPJPY cross stayed subdued over the previous session and was last seen floating close to weekly lows, around the region of 138.43. A mix of factors supported the steady decrease, as investors await news on the current round of Brexit negotiations. Key LevelsResistance Levels: 147.95, 144.95, 141.24Support Levels: […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD pair is in an upward move. Since June, the pair has been fluctuating between levels 0.6500 and 0.6700. The price is rising to retest the resistance line. The key levels are yet to be broken as the pair fluctuates. […]
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 is fluctuating between levels 6000 and 6500. Buyers and Sellers are yet to break levels of the market. The price is now consolidating near the support level. Daily Chart […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 is in an upward move. However, the uptrend has been interrupted as price consolidates below level 28000. Today, price is attempting to break the resistance level as the index moves up. Daily Chart […]
Key HighlightsEthereum has retraced to $380 lowThe coin is consolidating above the current support Ethereum (ETH) Current StatisticsThe current price: $390.07Market Capitalization: $43,803,253,846Trading Volume: $9,147,707,922Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis August 23, 2020Ethereum is trading at $389 at the time of writing. Since August 21, the […]
This week has been a roller coaster for the cryptocurrency market, with Bitcoin (BTC) being in the spotlight. Bitcoin started the week off around $11,700 and maintained that price tag for a while before heavy volatility was pumped in on Monday, causing the benchmark cryptocurrency to reach a high of $12,475. The cryptocurrency community went […]
