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: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe Japanese Yen was in an upward move but unable to break the resistance at level 108. On May 6, the bulls took price to the previous high but found penetration difficult. The market is on a downward move and […]
Just when many agree the price of Bitcoin is in short supply and will be higher than it is now, not all assume so. The Bitcoin price is right where it should be, according to international banking and financial services company JPMorgan Chase. JPM maintains that Bitcoin is suitably priced based on its ‘intrinsic value’ […]
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 index is rising and approaching level 5800. The index was earlier in a sideways move below level 5600 before a breakout occurs. The market is likely to face another resistance which […]
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 in a bear market. The price is correcting upward but faces resistance at 0.90000. The bulls tested the same resistance twice without breaking it. The price has formed a double top signaling a downward movement of […]
AUDUSD Price Analysis – May 28 The AUDUSD pair rapidly regained about 80 pips into the European/American session from the low of the Asian session and was last seen trading near the top end of its daily trading range, firmly beyond the 0.6650 marks. The FX pair is bolstered by new optimism that there might […]
Gold (XAU/USD) dropped below the $1,700 level on Wednesday before rallying back above that level as the US-China tensions escalated even further after remarks from Washington on Hong Kong’s autonomy. This was the first time since the beginning of the month that Gold fell below that level as investors fled from safe-haven assets to other […]
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 ascending channel. The pair is in an uptrend as it reaches the high of level 71.783. Currently, it is facing resistance at the recent high. The market will resume its uptrend if price retraces to level 70.800. […]
EURUSD Price Analysis – May 28 EURUSD appears supported but tries to maintain traction beyond the 1.1000 regions as sellers keep threatening recovery and prices recede to sub-1.10.tFollowing the improved mood in the risk-associated system, the FX pair finally surpassed the 1.10 barrier in the previous and present session, especially after the European Commission ( […]
Major Cryptocurrency Exchange Coinbase acquisition of Tagomi, an institutional crypto broker, is to strengthen its institutional capabilities. Coinbase announced the acquisition in a blog on May 27th. The American cryptocurrency exchange has confirmed the acquisition of the crypto-oriented main broker Tagomi. The transaction value ranges from 70 to 100 billion dollars, it is currently one […]
