financialflagship

financialflagship

As we were saying last week, GBPAUD is in a monthly downtrend that is making a big weekly correction which will probably feed the next down move. The price is still in the range that started at the beginning of the month. We have to watch the price action in the important area of decision between 1,776 and 1,77 to decide where the next big move will be; one more...

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GBPJPY continued the uptrend that started in March 2020. It passed through the weekly resistance area at 147,93 that marked the top of the structure in December 2019. The price structure tells us that it will go higher but we advise caution because it’s an overextended move that needs to correct at some point before heading up again. Important structures to watch...

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Nasdaq slid from the record highs registered last week on concerns over a possible spike in inflation, while the rise in Treasury yields continued, adding fuel for an economic recovery backed by the stimulus program and the vaccine campaign. Tech stocks are particularly sensitive to rising yields since their value depends heavily on future earnings, which are...

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The copper market edged to new highs, with prices pushing above $4 a pound, its highest level since September 2011. However, we recommend caution as the rally looks a little unstable and overbought and a strong “bearish” impulse could be waiting around the corner. Yes, we are in a strong weekly uptrend, but we need at some point to start a bigger degree corrective...

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In the past week, Natural Gas started a sideways move that we will expect to continue at least in the first few days of this week. Based on our analysis, we foresee a price pullback towards the support area highlighted on the chart in order to sustain a further bullish momentum that can push the price towards the $3.20 level. Trade with care. Best...

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Last week, Oil fell the most in nearly a month, suffering from a deep market selloff in sync with the current energy crisis in the U.S. that will likely keep refineries shut for another week, lowering the demand. In the past few weeks, our technical perspective inclined towards a bearish move and it looks like it has been finally triggered. At the moment we are...

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Silver adopted a corrective behavior for the past week, and at the moment it’s constructing a simple consolidation pattern that will depreciate the price shortly. In the coming week, we expect this pattern to finish around the “bearish sweet spot” area and make room for “sellers” once again, having as a target the $24 major support area highlighted on the chart....

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In our last analysis, we predicted that Gold will continue its bearish move towards a new low. The target was reached and the structure is now officially completed. This week we will monitor the price action, as it may have a tendency to make further lower-lows until we hit the liquidity pool area highlighted on the chart. We expect the bulls to monopolize the...

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USD/CAD witnessed some heavy selling for the second successive session on Friday. The Canadian Dollar benefited from a weak US Dollar and also seemed to be obtaining some support from a sharp rise in Canadian bond yields. Technically speaking, we expect the price to continue its bearish move inside the channel, creating a sequence of lower-lows and force some...

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As we predicted in our previous analysis, the “Aussie” soared to a fresh three-year high of 0.7879 last Friday, holding on to gains as the week ended. For this week, we expect a small price pullback towards the trendline and the support area that would act as a trigger for the next bullish impulse that we expect to unfold. Trade with care. Best...

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The USD/JPY reached a five-month high last Wednesday going beyond the ¥106 level, boosted by better-than-expected data in the US Retail Sales. As you can see on our chart, the price rejected the upper channel line twice, having a chance to go for a third attempt and make a new top. However, for this week we expect the price to retest and maybe break the bottom...

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The British Pound has surged past the 1.40 level, reaching the highest point in almost three years. UK Markit's preliminary PMI’s came out notably above expectations, but the bullish move was primarily driven by a Dollar weakness, which suffers after last week's yield increase. Our technical view remains unchanged, and we still expect the price to start a bearish...

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EURUSD lost some strength at the beginning of the week after the rise in US yields which offered some support to the USD. The 10-year yield reached 1.33%, the highest level in a year. This only boosted the US Dollar and depreciated the Euro by 100 pips at the beginning of the week. From a technical perspective, the Euro ranged most of the week and ended the weekly...

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This week’s coin is TRON. TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS — 24/7. TRON has positioned itself as an environment where content creators can connect with...

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Litecoin reached the $245 price today and it seems like it still has momentum to go higher. The cryptocurrency reached a $16 billion market capitalization being ranked on the 8th place along its peers and has a 24h trading volume of $7,5 billions. A retracement to the blue line seems very possible, because that correction would fuel the next wave up, but it isn’t...

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Ethereum hit the $2000 USD milestone today as more institutional buyers have boosted their positions in the last weeks. The market capitalization of the cryptocurrency is $233 billions and is up 172% YTD. The odd news this week was that Nvidia, the American technology company producing graphical processing units and SoCs, will artificially reduce the performance...

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In a new complaint filed on February 18, the United States Securities and Exchange Commission has alleged that Ripple Labs executives Bradley Garlinghouse and Christian Larsen manipulated the XRP price by ramping up or slowing down their coin sales depending upon market conditions. The filing alleges that Larsen and Garlinghouse then profited to the tune of $600...

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Bitcoin touched a market capitalization of $1 trillion as it hit yet another record high on Friday reaching the price of $55k. Bitcoin’s gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla and MasterCard to BNY Mellon. MicroStrategy announced the completion of $1.05 billion offering of convertible notes,...