Azeez Mustapha

Melrose Industries shares (LSE:MRO) are not a sexy market. In fact, it is an ugly market. After the brief rally of December 2017 and January 2018. Since then, the market has been experiencing short-term upswings and downswings. Moving between the resistance level at 240.00 and the support level at 200.00. The current short-term swings should […]

ETHUSD Medium-term Trend: Bullish   Resistance: $680, $670, $660 Support: $620, $630, $640   Yesterday, April 24, Ethereum price was in a bullish market and reached the resistance level at $700. The bulls have attempted breaking the resistance level without success. The reason for this is that the resistance level was previously a strong support level that was […]

Daily analysis of USD/CHF for April 23, 2018 USD/CHF This pair has been going upwards. The Bullish Confirmation Pattern in this market was partly brought about by the anticipated stamina in Greenback. Since testing the support level at 0.9200 on February 16, price has gained 550 pips (gaining 220 pips in this month alone), closing […]

BTCUSD Long-term Trend – Bearish Distribution territories: $10,000.00, $11,000.00, $12,000.00. Accumulation territories: $7,000.00, $6,000.00, $5,000.00.   Though the trend outlook in the BTCUSD long-term trend chart is still bearish. Bitcoin has been making a more appreciable rebound against the US dollar since 12th of April while producing a dramatic northward spike. There have been...

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The bias is neutral in the long-term term, and bearish in the short-term. Price went southwards last week, losing up to 130 pips, after testing the resistance line at 1.2400. The support line at 1.2250 was almost tested, but price closed close to the […]

Frontera Resources Corporation shares (LSE:FRR) have been an unattractive market for several months. Price has been consolidating since November 2017, and that seems to just be the beginning. The ADX period 14 is at the level 20, showing that the momentum in the market is low. The DM+ is not clearly above the DM-, which […]

A “buy” signal has long appeared on Premier oil stock (LSE:PMO). The market rallied between November 2017 and January 2018, and then came down between January and April 2018. This month, price has assumed a strong bullish journey. The market has gone above the EMA 21, and the Williams’ % Range period 20 is clearly […]

BTCUSD Medium-term Trend: Bullish   Resistance: $9,500, $9,000, $8,500 Support: $6,500, $7,000, $7,500   Yesterday, April 18, price of Bitcoin which fell was as a result of price pullback. It was at the resistance level of $8,500 that it faced opposition. We also assume that if price of Bitcoin continues with fall in price, it […]

Daily analysis of USD/CHF for April 16, 2018 USD/CHF There is some form of bullishness on the USD/CHF. Since the support level at 0.9200 was breached on February 16, price has moved upwards by 440 pips, closing above the support level at 0.9600 on Friday. This week is supposed to be bullish, because USD will […]

ETHUSD Long-term Trend – Bearish Distribution territories: $600.00, $700.00, $800.00. Accumulation territories: $400.00, $300.00, $200.00.   Unlike last week, ETH/USD value this week maintained its increase on Wednesday and consolidated it on Thursday the 12th. Quite a significantly lower high has been witnessed, and the bearish outlook has yet not been convincingly outdone as far […]