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) has capitalized on its recent bounce and has now recorded new multi-year highs around the $1,827 resistance in the early European session on Tuesday. The safe-haven appeal for the yellow metal was greatly supported by the European Union leaders’ agreement to an impressive €750 billion stimulus package coupled with the prospects for additional […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingUSD/JPY is still range-bound between levels106.800 and 107.400. The Yen is consolidating in the middle of the price range. The price is trading below the moving averages. There is the tendency of price falling from the recent high. Daily Chart […]
S&P 500 Price Analysis – July 21 S&P 500 rally continues to print a three-day unbeaten run while taking price close to level 3277, up 0.80 percent on a day, during Tuesday’s initial European session. The pair may break higher with a 3300-level focus on the cheered pursuit of more US and European stimulus while […]
It was a slow start to the week, with the greenback finishing the day lower versus most major competitors. Market participants have been trapped between the continuing rise in cases of U.S. coronavirus and reports of success in another vaccine. Reports suggested that in a large, early-stage human trial, the Oxford/AstraZeneca coronavirus vaccine induced a […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is in an uptrend. It is currently facing resistance at level 13000. The uptrend will resume once the resistance is breached. However, a correction candle body tested level 0.618 Fibonacci retracement level. It indicates that the index […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair in an upward move but was resisted at level 1.0800. The market retraces to level 1.0720 and resume a fresh uptrend. A correction candle body tested the 0.786 Fibonacci retracement level. It indicates that the pair will rise […]
Gold (XAU/USD) opened the week without any strong directional bias, although it appears to have steadied above the $1,810 resistance in the early European session. A decent rise in the US dollar demand placed some pressure on the dollar-denominated commodity in the early trading session on Monday. However, several other factors prevented gold from dropping […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bullish The EUR/GBP pair is in an uptrend. The current uptrend is facing resistance at level 0.9140. The bulls retested the resistance twice before resuming a downward move. Buyers have been retesting the resistance zone since early July. A break […]
EURUSD Price Analysis – July 20 EURUSD continued to trade around the 1.1452 high level as EU leaders prolonged Monday’s recovery fund meeting to another day. The old continent’s leaders have prolonged their bargaining for the fourth day, trading to sign off on a recovery fund – and they’re right on the brink of a […]
