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) took advantage of its recent uptick to record a new one-week high in the early Asian session today. The yellow metal opened the week on a positive (bullish) note and is supported by a collection of factors. The USD suffered a sharp drop due to the pressure coming from widespread protests across the […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trends: BullishThe index is in an uptrend. The bulls have reached level 11871 and it is approaching level 12000. According to the Relative Strength Index, the index is approaching the overbought region of the market. At level 12000, the market […]
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 a descending channel. The pair fell to the low of level 1.05000 and rebounded. The rebound broke the resistance level and resumed the uptrend. Technically, when price breaks the resistance line closes above it, this […]
EURUSD Price Analysis – June 1 In the single currency, the upside traction stays well and tone for yet another session on Monday and is pushing EURUSD at an intray high of 1.1154 level to fresh 2-month highs. Nonetheless, the prevalent improved risk-on situation continues to lend support to the dollar retreat in pursuit of […]
The price of Gold (XAU/USD) remains steady above the $1,730-35 levels with an intraday high of $1,744.69 in the Asian session. The bullion is benefiting from the current risk-off sentiment by investors as tension escalates between the United States and China. The yellow metal is also benefiting from the increasing protests across the US. Despite […]
XAGUSD Price Analysis – June 1 Silver hits the highest ever since the end of February whilst pushing offers past the $18.20 level, hitting an intraday high of $18.38 level, up 1.85 percent in 24 hours, during Monday’s European session. In the aftermath of US-China trade war relief and escalating U.S. protests, the continuation of […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP pair is correcting downward as it reaches the high of level 0.90000. At the recent high, the price action is indicating a bearish pin bar or a shooting star. The bearish pin bar is responsible for the downward […]
The United States Securities and Exchange Commission (SEC) has directed the reimbursement of up to $25.5 million to its depositors from a fin-tech, BitClave. The Commission has indicted BitClave with conducting an illegal initial coin offering (ICO) in the United States in a news report issued on 28 May. The SEC has reported that via […]
GBPUSD Price Analysis – May 31 In the previous session, the GBPUSD pair hit 1.2395 level, a two-week high, pulling back rapidly from the level to regain afterward on recovery and getting stuck at 1.2345 level. By the close of the week, the UK had not provided macroeconomic data with the emphasis now on Brexit […]
