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.
XAGUSD Price Analysis – June 24 Silver buyers are having difficulties holding gains beyond the $18 mark this week, whilst the semi-precious metal experienced opposition at $18.08 level early Wednesday and was last observed trading close to $17.72 level per ounce, reflecting a loss of 0.16 percent on the day. The primary danger to silver […]
Gold (XAU/USD) traded with a positive undertone through the early European session and was last spotted trading near multi-year highs at the $1,778 level. Although recent reports have given more credence to the possibility of a sharp V-shaped global economy recovery, investors remain apprehensive considering the rising number of Coronavirus cases globally. This coupled with […]
Jesse Powell, CEO of Kraken, forecasts that the Bitcoin value in the next two years may hit $100,000. In another optimistic outlook for the king coin, the CEO of the California cryptocurrency exchange says BTC will break the $100,000 mark by continuing its bullish move. In his interview with Bloomberg, he believes that since the […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishThe index is rising and in an uptrend. A correction candle body tested the Fibonacci 0.50 retracement level. This indicates that the index’s first target will be at the 1.618 extension level. The trend is likely to continue after […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishThe New Zealand Dollar is in an uptrend as it breaks level 0.62000. A correction candle body tested the 0.786 retracement level. This indicates that the market will reach a high of 1.272 extension level. The Kiwi will rise and […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trends: BullishGermany 30 is in an uptrend. The index rose to level 13000 and was resisted. Germany 30 retraced to level 11757 and resumed consolidation. A candle body tested 0.618 Fibonacci retracement level. This indicates that the pair will rise […]
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 is currently on a downward move. The Yen is making a retest at level 107.222. The downtrend will resume. The green correction candle body tested the 0.786 retracement level. It indicates that the Yen will fall to a […]
S&P 500 Price Analysis – June 23 Amid the massive US fiscal and monetary stimulus, the bullish sentiment around the S&P 500 Index stays active past the level of 3100. The risk yardstick broadens the gains of the prior day as US policymakers look forward to furthering efforts to accelerate the markets. Key LevelsResistance Levels: […]
Gold (XAU/USD) has stabilized around the $1,757 level (for the time being) in the early European session on Tuesday. The yellow metal appears to have slowed down after it failed to break above the $1,765 resistance yesterday. White House Adviser Peter Navarro’s dovish statements on the Sino-American trade deal yesterday, set the market into a […]
