Our previous Silver analysis developed exactly as we expected, with the price reaching the resistance area. As it stands, the next short-term move for Silver should be a bearish one that has the potential to break the support level highlighted on the chart. There is a possibility for the bearish momentum to increase even more and head towards the $23 level, but...
In our previous forecast, we correctly anticipated Gold to reach the resistance area and resume the bearish trend. Instead, the price decided to drop and quickly reversed in what it looks to have been a stop hunt. In the coming week, we are expecting the price to reach the resistance area before resuming the bearish trend and break the support. Trade with...
Last week, we correctly anticipated that the British Pound will lose more of its value against the US Dollar and break the support level. For this week, we incline towards a bullish move that has the potential to reach the resistance area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and...
In our past analysis, we correctly forecasted that EURUSD will reach the support area. The move was triggered by the better-than-expected NFP data on Friday. On the other hand, the USD unemployment rate rose with 0.1%. For this week, we expect the price to rise correctively and reach the confluence between the trendline and the resistance. After that, in the...
Last week, we correctly anticipated Copper to start a correction that will push the price towards the resistance level. In the coming days, we are expecting short-term bullish momentum until it reaches the resistance area. Afterwards, we anticipate the price to make another drop and break the support. Trade with care. Best regards, Financial Flagship ...
Last week, we were expecting US Crude Oil price to lose some value and reach the support area. Instead, the price continued to rise along the upper channel line. For next week, we expect the price to reach the support area highlighted on the chart before resuming the bullish trend. Trade with care. Best regards, Financial Flagship Disclaimer: The...
Last week, the pair corrected the entire time, without reaching the liquidity pool that we expected. For this week we expect the price to drop until it reaches the liquidity pool highlighted on the chart. After the target will be hit, we expect the price to resume the bullish trend. Trade with care. Best regards, Financial Flagship Disclaimer: The...
Last week, our forecast came true as the Australian Dollar dropped as we expected. In the coming week, we expect the price to start gaining some bullish momentum and make an attempt and reach the orange trendline. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as...
In our previous outlook, we expected USDJPY to drop towards the trendline. Instead, the price reached new highs prior to the NFP news events and then started to give signs of reversal. For next week, we expect the price to make a small consolidation, and reach the support level before gaining more bullish steam. Trade with care. Best regards, Financial Flagship ...
Tezos is a blockchain network that is similar to Ethereum in that it is built on smart contracts. However, there is a significant difference: Tezos aspires to provide more advanced infrastructure, which means it may develop and improve over time without the risk of a hard fork. Since their inception, both Bitcoin and Ethereum have suffered from this problem....
With so many blockchains on the market today, there is a growing demand for cross-chain interoperability. While there are a number of projects in the works, Wanchain stands out. Wanchain's interoperability solution is leagues ahead of competitor ecosystems, having just incorporated Litecoin into its cross-chain environment. Technically, the price is range bound...
Ethereum’s shift to Proof-of-Stake could kickstart mainstream adoption and increase payouts, say two senior analysts at JPMorgan in a recent report. Staking across all cryptocurrencies generates an estimated $9 billion annually. The report predicts that this figure could increase to $20 billion following Ethereum’s move to Proof-of-Stake. A final prediction in the...
Ripple blockchain tech provider has unlocked another billion XRP tokens while the SEC legal suit against it continues. On July 1, the Ripple DLT giant withdrew another billion XRP coins from escrow. For some years, these huge XRP releases have been scheduled to occur on the first day of each month. Even while it fights a legal battle with the US Securities and...
CNBC recently polled a group of portfolio managers and equities strategists to learn more about how the fintech sector feels about Bitcoin. Completing the "Where will Bitcoin be at the end of the year?" survey. “Forty-four percent predict (Bitcoin) will be below $30,000 and flat for the year,” according to Squawk Box. Some people are more optimistic.” One of the...
For this pair we give a higher probability for a move to the upside near term. When we look at the 4h timeframe, if the price breaks the resistance area (154.200) and after that the red trendline, we are looking at a move that will most probably create a new top. Every consolidation below or above the resistance area are good entry points for the move to the...
For the next move of this pair we see the price falling to reach the support area marked on the chart at 1,959 if the blue trendline is broken. However, the big trend is to the upside so we advise caution with shorting this pair because there is a reasonable probability for the price to bounce sharply from near support area or even higher and start marching to the...
This pair is moving in a trading range for the last couple of months. In our last analysis, a few weeks ago, we gave a good probability for a move to the upside that will reach the resistance area once again and it happened. Now, after the resistance was reached on the 24th of June, we had a sharp drop followed by a correction. We give a higher probability for the...
Fundamental overview: On Wednesday, traders got a stronger than expected update on the labor market in ADP's June private payrolls report. This underscored the ongoing economic recovery with a sixth straight monthly increase in employment, with jobs rising by 692,000 versus the 600,000 expected. Technical overview: DJI looks like it finished a corrective...