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.
USDCHF Price Analysis – June 19 USDCHF price bounces back to about 0.9510 level while hitting intraday low at 0.9498 level, only down 0.05 percent on a day, as at early Friday. The pair’s latest decline from the moving average 5 may be traced from an initial pullback. The focus will be on coronavirus statistics. […]
Gold (XAU/USD) has steadied on its intraday positive momentum through the early European session and was last spotted trading around the $1,730 pivot. The yellow metal has caught some fresh buy bids after it bounced off ascending trend-line support. This rise was largely supported by the renewed Coronavirus jitters. Investors are worried over how a […]
China plans to create a cryptocurrency in East Asia to compete with the US dollar and Facebook Libra. This move by the Chinese government aims to expand ties with the East Asian region while breaking ties with the United States. According to local media by the Nikkei Asian Review, 10 members of the China People’s […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BearishAustralia 200 was earlier in an uptrend. The uptrend was resisted at level 6200. The index fell to level 5758 and made an upward correction. A correction candle body is testing 0.50 Fibonacci retracement level. This indicates that the […]
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 was earlier in a sideways trend. The current uptrend is likely to break the previous range as the market approaches the high of level 0.90500. The current momentum will extend to level 0.91000. Daily Chart Indicators Reading:The […]
AUDUSD Price Analysis – June 18 AUDUSD drops from 0.6902 intraday high to 0.6837 during trading early Thursday. As such, for the third day in a row, the pair posts 0.40 percent losses on a day whilst still inducing the sellers. As lower Asian stocks weighed, the Australian dollar stays in red, and weak Australia’s […]
Key Resistance Zones: 74.000, 76.000, 78.000Key Support Zones: 66.000, 64.000, 62.000 AUD/JPY Long-term Trend: BearishThe pair is in a downward move. The market was earlier in a bearish trend. A correction candle tested the 0.786 Fibonacci retracement level. It indicates that the market will rise and reach a high of 1.272 Fibonacci level. The pair […]
EURUSD Price Analysis – June 18 EURUSD has been edging down, trading beneath the level of 1.1257, with US coronavirus concerns outweighing growing numbers. The FX pair broadens the consolidation pattern in the mid part of the week beyond the level of 1.12, thus far. Key LevelsResistance Levels: 1.1495, 1.1422, 1.1320Support Levels: 1.1200, 1.0950, 1.0635EURUSD […]
Gold (XAU/USD) remains in a consolidation range around $1,724-30 as we head into the early hours of the European session. The yellow metal has recovered well from an intraday low on the back of fresh US-China tensions. Apart from the US-China disagreements, fears over a second wave of the Covid-19 outbreak are heavily influencing the […]
