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.
GBPUSD Price Analysis – May 6 The GBPUSD pair eventually broke down the consolidation stage of its Asian session and in the last few hours crashed to over one-week lows, along the 1.2360 marks. The initial reversal was motivated by some follow-up bullish activity in the US dollar, that stayed widely sustained by its position […]
The long-awaited Bitcoin halving is set to happen in the next 6 days and the whole industry is on edge to see how this event could impact the price of BTC in the short-term. There are several arguments on whether or not the event will influence the short-term price of Bitcoin. In the long-term, however, […]
XAUUSD Price Analysis – May 6 Gold keeps breaking the level of $1,700 for 3 days in a row, marking a decline of 0.27 percent on the day, having achieved a $1,708 high earlier this morning. All that being said, the precious metal also is shifting between the triangle formation and trendline of three weeks. Thus […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bullish Yesterday, LTC dropped to $45 low and resumed upward move. The coin has previously rebounded above $44 low which propelled it to reach a high of $50. Unfortunately, the coin was overbought at $50 which resulted in the […]
Li Lihui, a leading member of the blockchain research team at China’s National Internet Finance Association (NIFA), believes the cryptocurrency release of the central bank is inevitable. Showing up inside a podcast hosted by People’s Daily reporting China’s digital yuan issuance or how it might affect the flow of money and financial regulation, the Bank […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bullish Italy 40 was in a downward move as the index fell to level 17027. The ITA40 has been facing resistance at level 18000. The bulls have been repelled on three occasions at the resistance without breaking above […]
USDCHF Price Analysis – May 5 Throughout the pre-European session on Tuesday, USDCHF holds fast to marginal gains of 0.5 percent thus moving rounds past 0.9700 levels into American sessions. By so doing, the pair is increasing rebound earnings from Friday’s low level of 0.9589, and also from the base of five weeks. The latter […]
The Federal Reserve Bank of America has announced that it is committing to printing more money in the coming weeks. The information was delivered last week by the Fed Chair, Jerome Powell, in a statement explaining the rut the Covid-19 pandemic has placed the United States’ economy. He added that the second quarter data will […]
S&P 500 Price Analysis – May 5 Yet again, the S&P 500 has managed to hold on to a closing rebound from its rising 13-day average, presently seen at 2880 levels. S&P 500 seems to be seeking its initial significant break following a 35 percent recovery from the lows. The World Health Organization (WHO) stays […]
