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 Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: BearishEUR/CHF pair is in an uptrend. However, the upward move has been terminated at a high of level 1.0850. The market has fallen to level 1.06559. A correction candle body tested 0.786 Fibonacci Retracement level. This indicates that the […]
XAGUSD Price Analysis – June 15 Silver shorts reported a loss of 2.0 percent early through Monday’s European session after a recent rally to mid-$18.00. XAGUSD is trading at a level of $17.23, with its price down from Friday’s close against the USD. Resurgent fears about the third wave of coronavirus infection are anticipated to […]
Gold (XAU/USD) dropped in the early European session on Monday and is currently at a $1,713 price mark. This drop was triggered by last week’s failed attempt to break above the $1,745 resistance which brought about fresh supply for the commodity sending it to multi-day lows. Gold’s drop appeared to be unaffected by the recent […]
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 trading in a sideways trend. The pair has risen and it is testing level 0.90000 which is the upper price range. However, since May, price has been reversing after testing the upper price range. The pair […]
A cryptocurrency analyst claims that Bitcoin’s historical highs were the result of price manipulation, including $20,000 that occurred in December 2017. Timothy Peterson, manager of Cane Island Alternatives Advisors, turned to social networks to express his opinion on the manipulation of bitcoins. His tweet of June 11th reads: “It’s taken 7 years for people to […]
GBPUSD Price Analysis – June 14 GBPUSD appears lower as sellers ride the pair down, after a higher-level turnaround that tends to have discovered a high at the level of 1.2812. And once the mood of global risk shifts south further, cable with the UK gets entrenched in the middle of the economic recession. Key […]
GBPJPY Price Analysis – June 14 GBPJPY increases its downward trend from 140.00 area through one-week lows at 133.79 levels after the pullback attempt failed at 135.00 level. Market volatility is strengthening the yen against a weak GBP even as sterling is weakening from Brexit anxieties and negative interest rate sentiment. Key levelsResistance Levels: 147.95, […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 index is in an uptrend. The index rose to the high of level 27583. At the recent high the index fell to level 25000 low. A correction candle body tested the Fibonacci 0.618 […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX is currently in an uptrend. The share made an upward move as it reached the high of Level 6490. At the recent high, the share was resisted and it retraced to level 6076. A correction candle tested the 0.50 Fibonacci […]
