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.
AUDUSD Price Analysis – May 21 The AUDUSD pair climbed to its highest level in the previous session since early March at 0.6616, before entering a consolidation period after staging a moderate rebound past 0.6569 level. The pair witnessed some lengthy-unwinding force on Thursday and appears to have broken two consecutive days of winning run […]
Key Resistance Levels: 74.000, 76.000, 78.000Key Support Levels: 58.000, 60.000, 62.000 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is in an ascending channel. The bulls broke the previous resistance at level 70 and pushed price to level 71.034. However, at the current price level, the market is facing some resistance. The price is currently retracing […]
The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was […]
Key Resistance Levels: $275, $300, $350Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: BullishToday, Bitcoin Cash is consolidating above $230 but characterized by small body candlesticks. On May 8, the bulls attempted to retest the $280 resistance but were resisted. BCH dropped to $230 low and resumed consolidation. Further upward move has been […]
New York-based Kadena, a JP Morgan offshoot and next-generation blockchain application provider for companies and entrepreneurs, revealed the company’s collaboration with Chainlink, a decentralized oracle network that allows smart contracts to securely access off-chain data streams, conventional bank payments, and web APIs. The partnership aims to incorporate the decentralized oracle network of Chainlink into Kadena […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in an ascending channel. The upward move is being interrupted at level 4600. On May 8, the bulls tested level 4600 and the index was resisted. The price dropped to 4200 low and resumed upward move. […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: RangingThe Loonie was earlier in a bear market. A bull candle body tested the 0.786 Fibonacci retracement level. The candle body that tested the 0.786 retracement level indicates that the market will fall and reverse at the 1.272 Fibonacci extension […]
GBPUSD Price Analysis – May 20 The Pound Sterling has been on Wednesday’s back foot and intensified lower after an analysis showed Britain’s inflation dropped sharply in April, striking the lowest as of 2016 due to an interruption by the coronavirus. The weakness was, however, protected by the 1.2240 regions as GBPUSD regains traction towards […]
XAUUSD Price Analysis – May 20 Gold continues to capitalize on its modest gains higher, moving towards the latest high around the $1750 price level, but the precious metal has been capped by the upbeat market mood and recent greenback upturn. A solid rally in the US equity futures also kept a lid on any […]
