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 dollar strengthened against most of its major competitors, with the EURO, the Australian dollar, and gold being the weakest rivals. The pound was firm, posting moderate intraday gains against its US counterpart. The dollar’s strengthening may be linked to the news over the weekend, which indicates that President Trump has signed four bailout orders. […]
Bitcoin continues to maintain its position just below the $12K mark, following a recent consolidation around the $11,600-800 level. However, we saw BTC attempt to break the $12,100 (2020 high) again yesterday. Despite the bull-run, Bitcoin couldn’t hold this level for more than a few hours before dipping sharply to the $11,500 level. At press […]
Gold (XAU/USD) prices saw a healthy surge in the early North American session today but failed to continue on that path and retraced, erasing all of its daily gains. At press time, gold is trading at $2,022, after recording a daily high of $2,049. Much like the US dollar, the yellow metal appears to not […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair is in a sideways move. The price is fluctuating between levels of 0.8960 and 0.9200. The market is falling as price approaches the support level. The market may resume an upward move after testing the support level. […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is range-bound between levels 12000 and 13000. Today, price is consolidating in the middle of price range. The price bars are characterized by small body indecisive candlesticks. The index is fluctuating horizontally. Daily Chart Indicators Reading:Presently, the […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF is fluctuating between levels 1.0700 and 1.0800. Today, the pair is rising above level 1.0750 after a sideways move. A red candle tested the 0.618 Fibonacci retracement level. It indicates that price will rise and reach level 1.618 Fibonacci […]
Gold (XAU/USD) has recovered from its daily low of $2,019 and is now trading around the $2,030 level. The bullish sentiment around the yellow metal remains in play as a fresh US-China squabble over Hong Kong arises. A recent Bloomberg post reports that China is ready to impose sanctions on US officials in a retaliatory […]
EURUSD Price Analysis – August 10 EURUSD has halted its upward advancement in what appears to be much more than a correction as bears assault level 1.17. The euro currency is poised for a crucial week against the US dollar, following the significant correction from the region of 1.1900 on Friday. Key LevelsResistance Levels: 1.1980, […]
XAGUSD Price Analysis – August 10 Silver prices drop to a level of $27.83 during the early European session on Monday. The remarkable run-up in the precious metals market is starting as XAGUSD manages to defy pullback at $29.85 level from its recent peak, thus rising almost vertically, following today’s intraday low of $27.83 level. […]
