Gooood morning ladies & gents,
EURCAD has moved down into our Buy Zone.
Today I'm looking for an entry long as price has cleared the first area of SSL, I'm anticipating either a long from here. If it drops past this area, then the next area I'm looking for longs will be 1.49710.
Looking to trade price back up to the H4 / D1 Bearish OB, at each point I'll be...
Copper respected our previous analysis and erased 2 weeks of gains reaching the liquidity pool that is highlighted on the chart. From there the price found some support and it looks like it’s gaining some bullish momentum.
Still early days, but we are expecting the price to increase and head towards the resistance level that we highlighted on the chart. Don’t...
As forecasted in our previous analysis, Natural Gas continued to consolidate, breaking the $2.70 support.
For this week, we anticipate the price to drop towards the $2.6 area, which coincides with an important support area. Based on the market structure and the divergence formed in our RSI indicator, we expect the bullish sentiment to return soon and drive the...
Oil rallied in the second half of last week, with the barrel price reaching $66 after the news that OPEC and a Russia-led alliance of oil producers kept most of their production cuts in place, taking the market by surprise.
From a technical perspective, the price reached a strong weekly resistance area and we anticipate it to hang around this area for a while,...
The US Dollar momentum combined with rising bond yields and growing optimism surrounding U.S. economic growth impacted the Gold price which broke under the $1700 level.
Our long-term view stands towards a bullish move, but we will act cautiously in the short-term. Without a proper confirmation of a trend reversal, the bears could hang around for a while and could...
In our previous analysis we predicted that USDCAD will head into a corrective phase, that will act as a further trigger to push the price in the coming weeks towards the $1.30 area.
This week we expect the pair to rise and face some resistance around the $1.28 area that we highlighted on our chart, but we anticipate that the price will have no problem breaking...
Last week, “Aussie” started to pullback in the first trading days before resuming the downtrend that we forecasted in our last analysis.
For this week, our technical expertise points towards another pullback, followed by a continuation of the bearish that can test the strong support area located at the $0.7550 level.
Trade with care.
Best regards,
Financial...
The USD/JPY reached another landmark for this year with the price passing the ¥108.50 level, supported by risk aversion, as well as an increase in the US jobs and bond market.
For this week we expect a price pullback followed by another rally towards ¥109.00 level as we find ourselves in a big daily uptrend.
Trade with care.
Best regards,
Financial Flagship ...
As we forecasted in our last analysis, the Euro continued its rally, breaking the $1.19 level backed by a strong jobs report data in the United States. As you can see in our chart, the price broke strongly through our trendline which is an indication that it could continue its depreciation. be heading below the $1.18 level.
For this week, we expect a pullback and...
Gold has created some imbalances in the market that needs to be filled. Overtime it has also created a trend line which the market has respected allowed retail traders to be setting up for a short. The market will push to the upside to fill those imbalances while hitting retail traders stop-loss and creating more liquidity as well as more imbalances before it...
As we forecasted in our previous analysis, the Nasdaq Index looks like it has completed the pullback that we needed in order to confirm the long-expected downtrend.
Last week, the price broke-out through the most important trendline that we had at this level, followed by a correction that stopped exactly at the resistance zone highlighted on the chart.
Based on...
Having hit a seven-week peak in the 1.2240s on Thursday, the Euro has reversed sharply against the US Dollar and is now back beneath the 1.2100 mark, the main driver being the prolific number of USD buyers that were present at the end of the month.
As we predicted in our past analysis, Euro rejected the strong resistance area that we highlighted and it seems that...
The fall in the British Pound was driven by the rise in the US bond market. Prospects of a stronger increase and possibly a steaming inflation have finally triggered a sharper bearish move.
This is a move that we expected to happen for quite a while. As you can see on the chart, the price broke the trendline and it is now consolidating underneath. This correction...
The USD/JPY reached a six-month high last week going beyond the ¥106.60 level, supported by higher US Yields and even risk aversion.
For this week we expect a reaction at the upper channel line, followed by a pullback towards the trendline and the support zone, in order to continue the uptrend that can push the pair beyond the ¥107 level.
Trade with care.
Best...
Following a strong start, “Aussie” erased all its gains in the second half of last week as the price broke the trendline aggressively.
For this week, our expertise points towards an increase in the bearish momentum that might be the start of a bigger degree consolidation.
Keep an eye on the RBA Interest rate decision event as it could have a big impact on the...
In our past USDCAD analysis we rightly predicted that the price is bound to make a new low. From that point, the “Loonie” rose more than 200 pips, reaching the 1.27 area, a move that was triggered by risk aversion and a spike in US yields.
Technically speaking, we expect the price to continue its bullish trend towards the $1.30 level, but not without a pullback,...
In our past analysis, we predicted that Gold will have a chance to continue making new lower-lows. Last week was a complete sell-off, the price falling more than $100.
We will now wait for the bearish storm to pass as our structure is now completed. This doesn’t mean that the price won’t fall even more from here, but for now, we will not be interested in selling...
In our previous market outlook, Silver beautifully rejected the bearish sweet spot that we highlighted as an important selling area.
In the coming week, we expect this impulse to continue going south towards the major support area, that is located around the $24 level.
Don’t forget to respect your strategy and don’t overleverage your positions.
Trade with...
