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.
EURJPY Price Analysis – June 5 For another session on Friday, EURJPY’s rally continues to keep its upside run unopposed, maintaining to sweep fresh yearly highs in the 124.40/45 region, though erasing a few gains afterward. The currency pair breached Friday morning’s level of 124.00. As for the near term, buyers of the spot price […]
USDCHF Price Analysis – June 5 The USDCHF pair rapidly reversed a recent dip of more than two-month lows and in the last hour recovered upward past 0.9650 marks. The pair was last seen trading close to the high of its daily trading range, around the region of 0.9637-0.9650, and has now regained a part […]
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. Since on June 1, the index has been rising and has broken above the EMAs. This is an indication of a further upward move. Meanwhile, the market is […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingRecently, the Japanese Yen broke the resistance at level 108 and resumed an upward move. The market has reached level 109.258 at the time of writing. It appears the uptrend is likely to be terminated as price reaches the overbought […]
Gold’s safe-haven appeal was renewed yesterday after the weekly US Jobless Claims persisted close to the two million levels, indicating that the economic consequences from the COVID-19 pandemic will not be alleviated easily. US gold for August delivery rose by 1.3% to record $1,724.40/oz on New York’s Comex following the Labor Department’s report that an […]
The former executive director of the Enterprise Ethereum Alliance, Ron Resnick, and chief architect of Microsoft, Marley Gray, launched a new organization named the InterWork Alliance (IWA). The partnership is a nonprofit initiative that aims to progress the ecosystem of tokenization by establishing world standards for it. As per the IWA, startup companies that are […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BullishAustralia 200 is currently in ascending channel. The market is gradually making an upward move. Initially, level 5800 was an initial resistance but the market has surpassed this level. The current upward move is going to terminate at level […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair is an uptrend. The recent upward move was terminated at level 0.90000. The price fell to the support above the 21-day SMA and resume a fresh uptrend. The bulls are still battling to break the resistance at […]
AUDUSD Price Analysis – June 4 The AUDUSD pair stayed on the guard during Thursday’s European session and was last seen trading close to the lower range of its daily trading, just below the 0.6938 marks. Fears over a yet more confrontation in US-China conflicts have kept a shield on the latest positivity about the […]
