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.
GBPJPY Price Analysis – July 5 The sterling may accumulate gains on a quiet session going into the new week from Friday. GBPJPY stayed positioned sideways at around 134.00 level, with downside attempts confined by buyers at 133.70 level. In addition to this, mild risk aversion, cases of coronavirus coupled with Brexit uncertainty are easing […]
Key Resistance Levels: 0.66000, 0.68000, 0.70000Key Support Levels: 0.62000, 0.60000, 0.58000 NZD/USD Price Long-term Trend: BullishNZD/USD pair is in an upward move. In June, the market has been fluctuating between levels 0.64000 and 0.65500. A correction candle body tested the 0.786 entrancement level. It indicates that the market will reach a high of 1.272 extension […]
DeFi’s leading token, Compound (COMP), is currently supplying Ethereum (ETH) assets worth more than $1 billion. Compound is a blockchain-driven credit pool that allows a lender to offer its cryptocurrencies to other users to mine and make a profit. The lender charges a fee for each transaction. This type of transaction is comparable to conventional […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 is still consolidating above level 22000. A correction candle tested the 0.618 retracement level. It indicates that the index will rise and reach a level 1.618 extension level. Thereafter, the market will continue up trending. Daily Chart […]
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 a horizontal channel. The bulls have broken above the upper price range. The index has risen and it is approaching level 3200. The market is currently in the overbought region where […]
EURJPY Price Analysis – July 3 At the end of the week, EURJPY loses ground for the third session in a row regarding a broad-based pick-up in the risk-off trend until being turned down in prior sessions from mid-121.00. The JPY is expected to further gain from any rise in China/US tensions toward the U.S. […]
Gold (XAU/USD) continued on a sideways range between the $1,777 and $1,772 price levels into the early European session. The yellow metal failed to take advantage of yesterday’s intraday bounce from a low of $1,757 following the positive US monthly jobs report. The NFP report showed that the US created 4.8 million jobs in June, […]
USDCHF Price Analysis – July 3 USDCHF gathers upside traction at about 0.9460 levels, up 0.15 percent a day, going into the European session on Friday. In the meantime, the continuing downturn appeared somewhat uninfluenced by the prevailing rising market mood, which appears to weaken demand for the perceived Swiss franc safe-haven. Key LevelsResistance Levels: […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe Yen fell to level 106 to resume an upward move. The uptrend has been terminated as the market fell to the support of level 107.500. The Yen is making a fresh uptrend to retest the resistance at level 108.000. […]
