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.
Gold (XAU/USD) jumped to a fresh all-time high, around the $1,984 level in the early European session, before retreating lower. Following yesterday’s profit-taking-triggered slide to the $1,940 area, the yellow metal was quick to bounce back and is set to end the week in a grand style. The bull run marked the tenth consecutive bullish […]
USDCHF Price Analysis – July 31 During the early European session, the USDCHF pair witnessed some selling and plummeted towards psychologically low at 0.90- the lowest level since May 2015. Furthermore, the safe-haven CHF earned from a selloff in US stock markets. Key LevelsResistance Levels: 0.9902, 0.9467, 0.9181Support Levels: 0.9047, 0.9000, 0.8969USDCHF Long term Trend: […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is fluctuating between levels 3200 and 3400 after its resistance at level 3400. The index tested the level 3400 twice and fell to level 3200 and resumed a sideways move. In its sideways move, the index […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: BearishUSD/JPY is in a downward move. The price has broken below level 107.00 as the market resumed a downward move. The Yen has fallen and it is approaching level 104.25. A correction candle body tested 0.786 retracement level. It indicates […]
Trading is a highly competitive human endeavor, but it is also highly rewarding. The financial markets can adeptly be compared to a battlefield; therefore a trading room can be likened to “a war room,” where you engage the markets. Victorious soldiers of the financial markets are those who make average gains that are bigger than […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingThe index fluctuates between levels 5800 and 6200 since May. Presently, the fluctuation is in the middle of the price range. The price is falling and after that, the upward move will resume. In the meantime, price movement is […]
The US stock market was in a consolidation range for most of Wednesday due to the anticipation of the Fed rates decision, only to end the day in a strong bullish trend as investors celebrated the central bank’s dovish tone. While the Fed’s stance could cause the US dollar to drop even further and—based on […]
AUDUSD Price Analysis – July 30 The AUDUSD pair added, however during the early European session, to existing intraday losses and renewed daily lows around the 0.7140-35 zone. The Australian dollar further retreated from the recent 15-month high (0.7196) level as investors made gains after buyers were unable to crack the barrier of 0.7200 round-level. […]
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 bulls failed to break the resistance line as price resumed a downward move. The pair is currently on a tight range between levels of 0.8900 and $0.9015. The market may reach […]
