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) dropped further through the early European session and has recorded new daily lows around the $1,803 line in the last hour. The yellow metal failed to fully utilize this week’s impressive bounce from the $1,790 support level instead got caught with fresh supply on Thursday. The latest development surrounding a new Covid-19 vaccine […]
AUDUSD Price Analysis – July 16 The Australian dollar eases as risk appetite declines on Thursday but maintains upside bias after attempting to crack the 0.70 barriers earlier on in the day. As Australia’s jobless rate ticked higher in June and full-time employment tanked, the AUDUSD pair is struggling to draw bids. Key LevelsResistance Levels: […]
EURUSD Price Analysis – July 16 EURUSD bulls reached the highest point since March at 1.1452 level before taking a breather beneath. However, it retains much of its momentum in what appears to be an essential and modest downside correction before the next bounce back as potential Markets fundamentals weigh in. Key LevelsResistance Levels: 1.1495, […]
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 first uptrend was terminated at level 0.90879 and it retraced to level 0.90500. The pair has resumed a fresh uptrend at the current support. A fresh uptrend has resumed and price […]
GBPJPY Price Analysis – July 15 The GBPJPY cross held on to its modest gains through the early European session into American session, albeit has retreated around 20 pips from 135.08 daily high level. On the other hand, the sterling benefitted from Wednesday’s hotter-than-expected UK consumer inflation figures boosting GBP demand. Key LevelsResistance Levels: 147.95, […]
XAGUSD Price Analysis – July 15 The average Silver price was $16.65 level through June’s end. Having dropped dramatically in mid-March, the silver price continued to rally upside, growing by 56 percent to hit $17.84 at the end of June; it has since breached through hurdles towards mid-$19.00 level. Key LevelsResistance Levels: $21.00, $20.50, $19.65Support […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Ranging France 40 is trading in a sideways trend. The upward move has been terminated at level 5250 since June. Consequently, the index has been trading below the resistance. Also, between June and today, the current resistance level has […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: RangingThe Loonie is in a sideways move in June. The market is fluctuating between levels 1.3500 and 1.3700. The price has risen above the 21-day SMA to move upward. The pair is likely to rise if the 21-day SMA support […]
Market sentiments are starting to swing further into the risk-on territory as the news of a successful vaccine and expectations of additional stimulus for economies across the globe set in. The European session on Wednesday has shown positive momentum for gold, with the Asian equities market climbing higher after it was announced that Moderna’s Coronavirus […]
