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.
S&P 500 Price Analysis – June 16 After a strong start to 3167.7 level on Tuesday, the S&P 500 index is giving off advances as investors’ concerns about the second wave of coronavirus infection and geopolitical frictions in Asia have overwhelmed the excitement amid up-to-date macroeconomic reports from the US. The S&P Index trades at […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is rising and in an uptrend. A correction candle body tested the Fibonacci 0.618 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 Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingUSD/JPY pair is currently in a sideways move between the levels of 110 and 106. The pair has fallen to level 106.573 and resumed upward. The price corrected to level 107.553 and resumed are sideways move. Given this correction, the […]
Gold (XAU/USD) has staged a strong recovery from yesterday’s near-$1,700 leg-down and is now faced with the $1,735 resistance. At press time, the yellow metal is trading around the $1,731 level, marking a 0.35% gain early in the European session. The dollar index fell by about 0.5% yesterday, giving gold more steam to recover major […]
Etherchain has received the $2.6 million fee from the ludicrous transactions of the past week. On Monday, June 15, the Ether mining pool decided to share the $2.6 million transaction fee that resulted in a series of ludicrous transactions last week. The declaration had been made on Twitter by Bitfly, Etherchain’s official account. Twitter reads: […]
Gold (XAU/USD) prices bottomed out at $1,704 in the mid-day session in Europe before bouncing back up above $1,720. This decline was largely fueled by the sideways action of major currency pairs, with low volatility. The US equities market opened sharply lower, however, it quickly rebounded and erased those losses. This rebound in equities prices […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trends: BullishThe index 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 0.61 Fibonacci retracement level. This indicates that the pair will rise […]
EURUSD Price Analysis – June 15 EURUSD is looking to stabilize above the 1.1226 marks against the backdrop of the recent move lower from monthly tops beyond the 1.1400 level. The pair has maintained a positive tone amid the earlier anticipated weakness towards the level at 1.1226. The growing sense of normality in Europe is […]
