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.
GBPJPY Price Analysis – May 31 Traders might sustain a selling bias on GBPJPY in the expectation that the pound weakness may extend more in the near term. As the cross tends to stay at 133.00, around the level. Negative Brexit news tends to weaken the pound, with persistent rumors that the BoE (Bank of […]
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 ascending channel. The index is in an uptrend as it reaches the high of 25632. The market fell after a minor resistance. US Wall Street 30 will rally above […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX is currently in an uptrend. The share traded and reached a high of level 6284. The market is falling after the resistance at the recent high. The current downward move may reach the low of level 6000 before resuming the […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishThe Kiwi is in an ascending channel. Recently, the market reached a high of 0.62284 and pulled back. The upward move has been interrupted at the resistance of 0.62000. The market is fluctuating below the resistance as bulls failed to […]
The Central Bank of Russia is currently working on a digital mortgage program, which will be operated by blockchain, according to a recent paper. The document suggests the blockchain is titled Masterchain and is being built in the county. Russia’s Central Bank has already submitted an official request to relevant government departments, including the State […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 is an uptrend. The index has broken the previous resistance of 20500 and it approaching level 22000. A correction candle body is testing 0.50 Fibonacci retracement level. This determines the extent of the bullish run. The index […]
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. The index fell to the support above 2800 after the resistance at level 2900. The price consolidating above level 2800, as SHCOMP resumed another uptrend. However, if level […]
EURJPY Price Analysis – May 29 The common European currency climbed on Friday against the Japanese Yen by approx 80 pips or 0.75 percent. During today’s trading session, the currency pair crossed the horizontal barrier at the 119.00 level. The greenback is steadily losing ground amid changes to the month-end flows, as trade tensions in […]
Gold has maintained a positive trajectory for a few days now courtesy of the growing US-Sino tensions. Just yesterday, the Chinese parliament approved security laws for Hong Kong which many believe will only make the already strained ties worse. This issue caused investors’ appetite for riskier assets to diminish which was evident from the watered-down […]
