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 3 As GBPJPY pulls back from the multi-day top, it reverses to level 133.47, down 0.75 percent in the previous session, amid recent risk-off. While doing so, the pair do seem to have dismissed pessimistic Japanese GDP projections and the Asian nation’s weak figures. Key Levels Resistance Levels: 147.95, 139.18, […]
GBPUSD Price Analysis – May 3 After hovering with April’s monthly peak, the GBPUSD pair retracted rapidly at the later part of the week ending at 1.2487 level. The April UK Markit Manufacturing PMI has been adjusted down to 32.6, worse off than estimated, whereas in March, Consumer Credit plummeted to £-3.8 B. PM Johnson was […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Sell US30USD index was earlier trading below the resistance at 24000 since April 7. The bulls broke the resistance on April 27 as price reached level 25000. Buyers were resisted at level 25000 as the market […]
Resistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish FTSE100 was in an upward move as the share reached level 6129.60. Since April 30, the share has been on a downward move. Presently, the price fell and found support above 21-day SMA. The market will resume an upward […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish The bulls have made a second appearance above the $9,000 resistance. Presently, buyers are still struggling to take possessions of price above the resistance. An upward move is likely but there is resistance at $9,200. BTC will […]
*Two Swiss banks are unveiling projects to provide XRP based services As per a news report, Sygnum Bank, which brands itself to be the pioneer cryptocurrency bank with both a Swiss banking license and a Singapore asset management license, presently provides XRP savings, exchange, and loan services. Sygnum also provides Bitcoin and Ethereum services. The […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bullish The bulls have broken level 20000 resistance but the selling pressure made the index fall below the resistance. The index fell to the support of the 50-day SMA. Japan 225 index will resume an upward move if […]
Key Resistance Levels: 2900, 3000, 3100 Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: Ranging The index is currently rising above the lower price range and approaching level 2860. The upward move is being resisted by 50day SMA. Price will remain at the lower price range if the bulls […]
EURJPY Price Analysis – May 1 EURJPY continues the rebound off prior lows closer to 115.54 level to the current region past 117.00 level, in which some sellers might be present. Searching at the wider context, downside momentum in the 119.00 regions is predicted to lose some traction on an exceed of April highs. Key […]
