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 Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BullishToday, Polkadot’s (DOT) price has regained bullish momentum as the crypto reach the high of $25.95. In the previous price action, Polkadot declined to the low of $23.47. For the past week, the altcoin has been in a downward move. Nevertheless, […]
The Canadian GDP figures this week should indicate that economic activity rebounded in June following COVID’s spring wave. With anticipated 0.8 percent growth in June GDP, which is somewhat higher than Statistics Canada’s early estimate of 0.7 percent. This would reverse the declines seen in April and May, resulting in a small 2.5 percent (annualized) […]
EURJPY Price Analysis – August 27 The EURJPY continues its advance from the 129.15 intraday lows towards the 130.00 near-term high. At the time of this analysis, the EURJPY is trading up at 129.72. Following the announcement of Fed Chair Powell’s address at the Jackson Hole Symposium, his statements caused the US currency to fall […]
GBPJPY Price Analysis – August 27 GBPJPY is set to keep its downtrend movement following a sharp pullback. However, this is because the market’s sellers are exerting additional pressure on the market. As the price continues to fall in a downward trend, there are significant pullbacks as key levels are retested. This demonstrates that after […]
Cardano (ADA) has announced that it plans to launch an ERC-20 converter to grant usability of Ethereum-based assets to its testnet. According to the video announcement posted by IOHK, a test of the ERC-20 compatibility should occur next week and could become a significant game-changer for Cardano should it scale the test. According to Francisco […]
BNBUSD Price Analysis – August 27 Should the resistance level of $503 holds, the price will bounce off the level and face the support level of $433, $420 and $364. In case, the bulls are able to break up $503 level, Binance coin may increase to $599 and $678 levels. BNB/USD Market Key levels: Supply […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold price is in a fresh uptrend. On August 23, the market reached the high of $1,820 but was repelled. Gold price retraced to $1,782 to resume upward. On the upside, if buyers breach the $1,820 resistance, the market will […]
The dollar is attempting to recover once more, but there is no committed buying at this time while the Swiss Franc is falling strongly today, owing to selling versus the Euro and rising bond yields. As the annual Jackson Hole Symposium progresses, greenback traders will closely monitor the statements made by Fed officials today and […]
Behemoth American-headquartered bank Morgan Stanley has remained steadfast in gaining Bitcoin exposure by investing millions of dollars, despite the recent prevalent bearish bias amongst analysts. Twitter analyst MacroScope cited the significant difference between the financial institution’s previous filing and today’s data, noting that the bank’s crypto exposure has grown significantly within a few months. MacroScope […]
