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.
EURUSD Price Analysis – July 6 EURUSD is striving to smash through the recent convergence zone and aims to crack the 1.13 barrier more compellingly. The EURO progressed in early Monday’s trading, up 0.5 percent after European session opening, supported by fresh risk aversion and economic recovery optimism. Key levelsResistance Levels: 1.1495, 1.1422, 1.1350Support Levels: […]
Gold (XAU/USD) climbed higher in the early European session and was last spotted trading near the top of its daily range, around the $1,778 level. A fresh US dollar selling impulse aided the dollar-denominated commodity to retrace from an early dip to the $1,770 area in the Asian session. This coupled with the ever-concerning rise […]
XAGUSD Price Analysis – July 6 Silver (XAGUSD) indicates a strong, lower-price pattern that supports further upside. Since gaining some few pips higher today on low volume, the pair began the day at $18.04 level about 0.92 percent higher. Since regaining from the recent selling pressure at $17.76 level the upside traction continues for $18.37 […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair was earlier in a downward move as the pair fell to level 0.89940. Presently, the market is facing resistance at level 0.92000. The previous uptrend was resisted as the pair resumes a fresh uptrend. The price is […]
Vitalik Buterin, the co-founder of Ethereum, attacked the fast-growing decentralized finance (DeFi) market as a short-term upset. Through a series of tweets, the Russian-Canadian programmer went on Twitter to share his view on DeFi. Referring to the “Productivity” DeFi slogan, Buterin shared his disapproval. In a separate tweet, he added: “A lot of the flashy […]
GBPUSD Price Analysis – July 5 The GBPUSD pair held steady in the prior session beneath the 1.2500 thresholds but ended the week with solid increases. At the end of the week, optimism mingled with concerns as Britons welcomed Saturday’s reopening of social events. Key LevelsResistance Levels: 1.3514, 1.2812, 1.2560Support Levels: 1.2300, 1.2075, 1.1409 GBPUSD […]
Recently, I’ve been asked over and over again what my thoughts on gold are: is it going to rise, or is it going to crash? If so, how high, or how low? Every time, my answer remains the same; look at what the chart is projecting. Many traders today rarely visit the monthly chart. We […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BearishUS Wall Street 30 index is currently in a downward move. A correction candle body tested the 0.50 Fibonacci retracement level. The candle body indicates that the market will fall and reach a low of 1.618 Fibonacci […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is currently in an ascending channel. The upward move has been temporarily suspended as the share fluctuates between levels 6100 and 6300. In the meantime, it is falling to a low at level 6100. At the low of 6100, […]
