In our last forecast, we expected Natgas to give us a confirmation for a bearish move. Instead, the price made a new all-time high. In the coming week, we foresee the price to correct towards the trendline, but considering the fact that we are in a strong bullish trend, we will need to wait for a confirmation that will be represented by a strong breakout from the...
Our previous Silver analysis developed exactly as we expected, with the price entering a small corrective phase. As it stands, in the coming days, we expect the price to reach the resistance area and resume the short-term downtrend. There is a possibility for the bearish momentum to increase even more and head towards the $23 level, but that won’t affect the...
In our previous forecast, we correctly anticipated Gold to correct the previous bearish impulse. In the coming week, we are expecting the price to finish the present consolidation, which has the potential to reach the resistance area before resuming the bearish trend. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis...
Last week, we correctly forecasted GBPUSD to start a consolidation pattern in order to correct the previous bearish impulse. For this week, we incline towards a bearish move that will continue the downtrend and break the support area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it...
In our past analysis, we correctly forecasted that EURUSD will begin a correction. For this week, we expect the price to continue and consolidate towards the orange trendline and then drop below the support level. After that, in the coming weeks, we expect the price to break the $1.17 low. Trade with care. Best regards, Financial Flagship ...
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 the pullback to end around the confluence between the trendline and the resistance area, before dropping towards a new low. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis...
Last week, we were expecting the US Crude Oil price to lose some value. Instead, the price slowly followed the upper wedge line, reaching new yearly highs. This is a sign that a bearish move is just around the corner, as the price slowly loses bullish momentum. For next week, we expect the price to reach the support area highlighted on the chart. Trade with...
As we were expecting in our previous analysis, the US Dollar lost some momentum against the Canadian dollar and started to depreciate. For this week we expect the price to reach the resistance and drop until it reaches the liquidity pool highlighted on the chart. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is...
Last week, our forecast came true as the Australian Dollar reached the resistance area. In the coming week, we expect the price to continue to depreciate and break the previous low. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that...
In our previous outlook, we expected USDJPY to drop towards the trendline. Instead, the price reached new highs but soon after gave some signs of exhaustion. For next week, we expect the pair to reach the trendline. If it breaks and consolidates underneath, we will consider further bearish momentum. If not, then we will most likely bounce back up and make a new...
Shiba Inu coin was developed under the pseudonym "Ryoshi" in August 2020. The charming attractiveness of the meme currency, combined with articles and Tweets from celebrities like Elon Musk and Vitalik Buterin, drew in a community of investors, quickly increasing its speed and value. Shiba Inu aimed to be the Ethereum-based counterpart to Dogecoin’s Srypt-based...
Greyscale Capital acquired almost 8,500 Litecoin to their crypto investing portfolio on Wednesday. The investing business has also been stockpiling Litecoin over the last week. They bought slightly over 15k Litecoin in the previous seven days and added another 15k to their position in the last 30 days. With so many blockchains on the market today, there is a...
Ethereum, like Bitcoin, currently uses an energy-intensive process called “mining” to create and distribute new cryptocurrency. Ethereum's core developers have been working on changing the network's consensus protocol from proof of work (PoW) to proof of stake (PoS), which requires significantly less electricity to maintain while also allowing for transactions at...
Ripple co-founder Jed McCaleb has sold little over 240 million XRP tokens so far this month, and still has a balance of over 431 million XRP in his wallet, according to data from XRPScan. Paraguay’s Universidad Americana will begin accepting cryptocurrencies as payment starting in August, general director Camilo Jiménez Agüero told CoinDesk. Universidad Americana...
Jack Dorsey, the CEO of Twitter and Square, has teamed up with other bitcoiners to form what appears to be an anti-misinformation movement. He'll be joined by Ark's Cathie Wood, the queen of innovative investing, and Adam Back, a veteran of bitcoin's 2016 civil war. The B word, as they call it, is a “Bitcoin-focused project that attempts to demystify and...
Last week, we correctly forecasted GBPUSD to start a bearish move, with the FOMC news event acting as a bearish trigger. For this week, we incline towards a counter-trend move that will act as a much-needed consolidation for the downtrend. Afterwards, we will expect the price to reach the $1.3650 level. Trade with care. Best regards, Financial Flagship ...
In our past analysis, we correctly forecasted that EURUSD will start a bearish move. The trigger was the news coming out from the FOMC meeting in which officials held interest rates near zero but signaled they expect two increases by the end of 2023, pulling forward the date of liftoff as the economy recovers. This news event heavily impacted all the major...
Last week, our forecast came true as the Australian Dollar dropped and broke the support area. In the coming week, we expect the price to continue to make a pullback and reach the resistance area before falling again. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used...