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 Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bullish Australia 200 is currently in ascending channel. Since April 14, the upward move terminates at level 5500. The bulls are repelled after testing the resistance at 5500. The resistance level is yet to be broken as the […]
Key Resistance Levels: 74.000, 76.000, 78.000 Key Support Levels: 58.000, 60.000, 62.000 AUD/JPY Price Long-term Trend: Bullish The AUD/JPY pair is in an upward move. The market has already fallen to level 62.000 before the commencement of the upward move. The price is making a series of higher highs and higher lows. The uptrend was […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash has been on a downward move after it reached a high of $280. The bulls were resisted at the overhead resistance as price dropped to $213 low. After a downward correction, the bulls resumed another upward […]
Thanks to the transparency of blockchain technology, the overall sentiment of investors towards a crypto asset can be easily determined and monitored. By analyzing the actions of Bitcoin whales (large Bitcoin holders), one can deduce possible future bullish or bearish price movement. Santiment, a behavioral analytics company, claims that large Bitcoin whales are plotting to […]
AUDUSD Price Analysis – May 7 AUDUSD continues reversal from recent lows thereby pushing buyers close to 0.6462 level, up 1.00 percent on the day, into European session on Thursday from the Asian Session. Figures from the Aussie market were the new impetus for the pair’s U-turn following risk-off sentiments. With Australia expected to reopen […]
EURUSD Price Analysis – May 7 The US dollar stayed in demand for the fourth day in a row and continued to exert downward pressure on the EURUSD pair. The FX spot trades horizontally beneath 1.0800 level at press time. Given the effects of the coronavirus disease outbreak, the European Commission said that in 2020 the GDP […]
Zcash has seen an increase in the number of transactions that are completely protected on its network. Such transactions jumped by almost 70 percent last month, taking it to over 8,700, as per a tweet. It constitutes 6 percent of all transactions made by the network. The network seems to be on a steady increase […]
Key Resistance Zones: 5800, 6000, 6200 Key Support Zones: 5000, 4800, 4600 France 40 (FR40EUR) Long-term Trends: Bearish France 40 index is currently facing resistance at level 4600. Since March 26, the bulls have failed to break the resistance level. However, on April 29, the bulls broke the resistance but were immediately repelled below the […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000 Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: Bearish The USD/CAD pair is currently in a downward move after it reached an overbought region. At an overbought price of 1.46503, sellers emerged to push price downward. The market fell to the same low at level 1.38553 twice […]
