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.
Gold (XAU/USD) climbed back above the $1,700 psychological line in the early hours of Thursday after suffering a sharp decline to four-week lows. The recovery comes on the heels of the worsening US-China ties. As a retaliation to the suspension of American carriers from re-entering China, the US government has placed a ban on Chinese […]
Key Resistance Zones: 74.000, 76.000, 78.000Key Support Zones: 66.000, 64.000, 62.000 AUD/JPY Long-term Trend: BullishAUD/JPY is in an uptrend. The pair was earlier in a bearish trend. The market terminated at level 62.000 and the current upward move resumed. A correction candle tested the 0.236 Fibonacci retracement level. This candlestick indicates that the pair will […]
EURUSD Price Analysis – June 4 EURUSD ‘s latest dip from a high of 1.1257 while vacating overbought positions to a level of around 1.1200 could pave way for the rally to recover. In recent days the awaited announcement of the ECB ‘s decision has risen and improved the euro – potentially putting the FX […]
Thailand’s main commercial bank and eligible financial associate with Ripple, SCB has disclosed that through the LINE app, people have found a way to undermine client funds and details. The scammers have found a way to hack the app, to access client information, as per an official bank statement. As the SCB utilizes LINE to stay […]
Key Resistance Zones: 5800, 6000, 6200Key Support Zones: 5000, 4800, 4600 France 40 (FR40EUR) Long-term Trends: BullishFrance 40 index is in an uptrend. A bullish trend line is drawn showing the support levels of price. The index has risen and it is approaching level 5100. Previously the index was facing resistance at level 4750. The […]
Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: BullishEUR/CHF pair is in an uptrend. The pair rebounded at the low of 1.05000 to resume an upward move. A correction candle body tested the 0.618 Fibonacci retracement level. This indicates that the pair will rise and reach level […]
GBPJPY Price Analysis – June 3 GBPJPY holds offers past the level at 137.00, up 0.5 percent on a day, during the American opening hour on Wednesday. While trade perception appears to diminish during U.S. civil unrest, Brexit-positive news, combined with the UK government’s hopes for further stimulus, appears to favor the off-late quote. Key […]
XAGUSD Price Analysis – June 3 Silver price fell from the monthly $18.39 high level hit on Monday to $17.63 low level on Wednesday’s early American session. The price of silver has grown rapidly as the US dollar is declining, stocks are edging higher and investors are preparing for economic growth. We are therefore registering […]
Gold (XAU/USD) underwent a sharp retrace into the red zone in yesterday’s European session, hitting $1,704 in the early trading hours of today. At press time, the Gold spot is trading at $1,724, a 1% drop from yesterday’s high. This retrace was largely stimulated by the recent risk-on rally in global equity markets. The growing […]
