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 Levels: 2900, 3000, 3100Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: BullishThe SHCOMP is currently in an uptrend. The market is seriously in the overbought region. The index is on a downward move and has reached a low of level 3383.322. The downward move may breach the […]
Gold (XAU/USD) has reversed from its recent dip to the $1,796 region and is now trading well above the $1,800 mark. The yellow metal saw a modest pullback yesterday after reaching its highest point since September 2011. The pullback was largely caused by fresh demand for the US dollar, which tends to impair the dollar-denominated […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingThe pair is currently on a downward move after testing level 108.00. A correction candle body tested 0.786 Fibonacci retracement level. It indicates that the market will fall and reach level 1.272 extension level. At level 1.272 Fibonacci extension level, […]
Andreas Antonopoulos, the prominent advocate of Bitcoin and the open blockchain, has said he wants more privacy for Bitcoin. He claims Bitcoin is never going to have absolute privacy. Antonopoulos made his views public on his YouTube channel through a live stream of Bitcoin Q&A. The post aimed to discuss privacy features, contrasting Bitcoin to […]
AUDUSD Price Analysis – July 9 The AUDUSD pair retreated to level 0.6950 after failing to rise above 0.7000 level earlier in the week. Despite the growing number of confirmed infections with coronavirus in the US, increased optimism about a vaccine allows market sentiment to remain upbeat. Key LevelsResistance Levels: 0.7205, 0.7064, 0.7031Support Levels: 0.6938, […]
EURUSD Price Analysis – July 9 The EURUSD pair is currently trading about the same intraday level as the last session, around the 1.1290/1.1350 range, trying to climb back over 1.1350 level. EURUSD is easing prior day’s gain well beneath the 1.1300 level in a context where the risk appetite continues to be preferred among […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BearishAustralia 200 is currently in a downward move. A correction candle body is testing 0.50 Fibonacci retracement level. This indicates that the index will fall and reach a low of 2.0 extension level. The market will first reach the […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP pair is presently falling after retesting level 0.9000. The downtrend has been ongoing since June 29. The price has broken below the bullish trend line. This is an indication that the selling pressure may continue on the downside. […]
Gold (XAU/USD) traded with a mild bullish undertone in the early European session on Thursday and was last spotted trading above the $1,810 support. The yellow metal has now stayed on a bullish streak for the fourth consecutive session. The US dollar remained under strong bearish pressure well into the early trading hour of Thursday […]
