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.
S&P 500 Price Analysis – April 14 Guarded optimism that the global coronavirus pandemic may have begun to nosedive pushed the S&P 500 higher in the European session on Tuesday past the 2800 psychological mark during Asia session. Steady growth is likely to continue, as the COVID-19 impacts the majority of businesses. Key Levels Resistance […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple’s major battle is at the $0.20 resistance. Before now the bulls have made two unsuccessful attempts at the resistance. The upward move is temporarily resisted at $0.19 but it is continuing its consolidation above $0.18. As the consolidation […]
Despite the course of the global COVID-19 epidemic and fears about continued quarantines and slowing growth, it appears that many people across the globe are shifting to cryptocurrencies, Russia is no exception. During the ongoing coronavirus epidemic, people in Russia are now progressively involved with crypto platform services, as shown by reports from cybersecurity company […]
Key Resistance Zones: 13600, 14000, 14400 Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: Bullish The index has continued to push upward as the resistance at 20000 has been breached. The price also has broken the 21-day SMA which was earlier a resistance. However, the market is likely to face another resistance […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bearish Ethereum is currently trading above $150 support after rejection at a high of $166 resistance. Before now, the pair has risen to $175 high after a successful rebound at the low if $140. The bulls could not penetrate the […]
EURUSD Price Analysis – April 13 EURUSD aims to extend on latest earnings at the start of the week, performing mostly to hold prices beyond 1.0900 level while losing traction ahead of key 1.1000 level towards the backdrop of lean market conditions due to Easter Monday’s break-in many European markets. Key Levels Resistance Levels: 1.1495, 1.1285, […]
USDWTI Price Analysis – April 13 Despite the enormous losses, WTI reluctantly welcomes the OPEC+ deal, as the market matches it to initial forecasts of 20 million barrels a day of cuts as fresh recovery seems unable to sustain rates beyond $25.00 level. Although further recovery is anticipated, the lack of major economic calendar events […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600 Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bearish EUR/GBP was earlier in the bull market in August as it reached a high of 0.9317 but was resisted. The Fibonacci tool was used to determine the extent of the downward move. In October, a bullish candlestick tested […]
The week before, China’s central bank expressed its support for the issuance of national digital currency for perhaps the umpteenth time. On 4 April, the bank said it was further “prioritizing” the digital yuan at the 2020 National Currency Gold Silver and Security Work Video and Telephone Meeting. “After the outbreak of the New Coronary […]
