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 Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bullish. Japan 225 is in an uptrend. The index is currently fluctuating above level 22000 as the uptrend is facing resistance. JP225USD rose to level 23000 and was resisted. Presently, it is in a sideways move below level 23000. […]
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 index has been rising and approaching the upper price range. Presently, it is approaching the overbought region. In a couple of days to come, the index will […]
Gold (XAU/USD) remained in a consolidation range in the early European session and was last seen near the $1,765 resistance level. In a recent editorial by Forbes, contributor Naeem Aslam mapped-out five key factors that are likely to underpin a bullish price action for gold in the coming days. The key factors include: A second […]
EURJPY Price Analysis – June 26 The EURO is dropping against Japan’s safe-haven yen, but it stops at around 120.00 marks for the moment. So far, the pair has lost about 0.2 percent with a weighted risk bias on the back of rising reports of coronavirus and the proposal of the US government to raise […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY was earlier in an uptrend as it reached the high of level 109.85. The price action is indicating a bearish signal. A correction candle body tested the 0.786 retracement level while in a downtrend. It indicates that the […]
USDCHF Price Analysis – June 26 USDCHF loosens to 0.9472 level, while still down 0.11 percent on a day, the pair may re-attempt the 0.9550 level after the pair’s initial downside pressure in the prior session was confined. Key LevelsResistance Levels: 1.0027, 0.9766, 0.9550Support Levels: 0.9440, 0.9370, 0.9181USDCHF Long term Trend: RangingThe pair registered a […]
The Bank of International Settlements (BIS), a global central bank for central banks, has issued a beta report on digital payments, notably the Central Bank Digital Currencies (CBDC). BIS urges central banks to adopt CBDC, according to its 29-page report. “One option at the political opportunities frontier is to issue CBDCs, which could amount to […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BearishAustralia 200 is likely to continue the downward move. The uptrend was resisted at level 6200. The index fell to level 5758 and made an upward correction. A correction candle body is tested at 0.50 Fibonacci retracement level. This […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair is in a sideways trend. The market has risen to level 0.90728 but has continued to fluctuate between level 90200 and 90800 since May. The price has fallen to level 90362 and it is expected to rise. […]
