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.
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. Since June the index has been fluctuating within the key levels. Today, price is rising above the support level after a downward move in the previous day. The key levels […]
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 still trapped between levels 1.0700 and 1.0800. Today, buyers are still making frantic efforts to break above the resistance line but were repelled. In previous instances, the pair made partial breakout and then pulled back into the range-bound […]
Gold (XAU/USD) appears to have entered a consolidation phase after failing to sustain its break above the $1,983 resistance in the Asian session yesterday. The exacerbating Coronavirus crisis across the globe coupled with worries over the US fiscal deadlock bolstered demand for gold throughout last week, while the US dollar got displaced. Gold spot reached […]
EURUSD Price Analysis – August 3 EURUSD has begun the week on a negative basis and is adding losses underneath the 1.18 benchmark to the prior session low, all amid a widespread profit-taking trend and a strong dollar correction. EURUSD ended the session on Friday in the negative territory as the push to fresh 2-year […]
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 downward move after a range-bound movement since May. The price has broken the bullish trend line. It is an indication of a further downward move. The pair is currently correcting upward at level 0.9000. […]
XAGUSD Price Analysis – August 3 On Monday, Silver inched higher to $25.00 level before falling back marginally as infection cases grew, and a tumultuous budget dispute in the US diverted more funds to safe havens. Over the last eight weeks, the white metal has been in the green, increasing its multiple months’ old uptrend […]
XRP Weekly Price Analysis – August 03 In case the bulls continue to dominate the XRP/USD market, the price may soar to the resistance at $0.33, $0.36, and $0.39 levels. On the downside, traders should expect the next support levels at $0.29, $0.24, and $0.20. XRP/USD Market Key Levels: Resistance levels: $0.33, $0.36, $0.39 Support […]
Key Highlights BCH is likely to find support above $280 price level The coin will resume uptrend and has a possible target of $380 high Bitcoin Cash (BCH) Current StatisticsThe current price: $287.78Market Capitalization: $5,318,005,084Trading Volume: $3,170,460,413Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis August 3, 2020Yesterday, […]
The week and month have ended, as we are likely to continue in the FX space with uncertainty caused by a major jump in the US dollar vs. the Yen. On Friday, the American dollar recovered nicely, but every week, closed in the red against most major rivals, a sign of its continuing weakness. Extreme […]
