As we were expecting in our previous analysis, the US Dollar broke out of the channel and gained even more bullish momentum compared to the Canadian Dollar. For this week we expect the price to make a pullback towards the support and range for a while before resuming the bullish trend. Trade with care. Best regards, Financial Flagship Disclaimer: The...
In most industrial countries the educational system was created not to truly teach students, but to generate good workers for factories and other companies. Yes, we want these highly trained individuals to be able to think critically and generate new ideas. However, we want them to be excellent employees who follow the boss's instructions. So, how do we do that?...
In our last forecast, we correctly forecasted Natgas to start a pullback in order to correct the previous bullish impulse. In the coming week, we foresee the price hitting the support level and at that point, we will monitor the price action to decide whether it will continue the drop or give signs of reversal. Trade with care. Best regards, Financial Flagship ...
Our previous forecast for Silver came true, as we anticipated the drop that took place last week As it stands, in the coming days, we expect the price to pullback towards the resistance area and continue to drop towards the support level. 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 make a pullback and continue the bearish move. Our forecast for this week is that the bearish momentum in Gold will increase but not before the price will pullback towards the resistance area highlighted on the chart. After the correction is completed, we will expect the price to continue to depreciate in...
Last week, Copper started a bearish rally that stopped around the support level. In the coming day, we are expecting a pullback to occur and drive the price towards the resistance zone highlighted on our chart. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial...
Last week, US Crude Oil dropped from the rising wedge pattern line without any big impact. We would expect the price to fall from here into a corrective phase and test the first support level, but this might happen after we break the top once more. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely...
In our previous outlook, we expected USDJPY to drop towards the support area. Instead, the price gathered some bullish momentum and slowed down the small rally. For next week, we expect the pair to reach the support level and bounce back up. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and...
Aave is a decentralized financial protocol that enables users to lend and borrow cryptocurrency. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. When it was debuted in November 2017, Aave (which means "ghost" in Finnish) was...
For the fourth time this year, the federal auctioning site General Services Administration Auctions will auction off another lot of bitcoin and, for the first time, litecoin. In other news, after inking a sponsorship agreement with crypto investment app Voyager, Nascar driver Landon Cassill will be paid entirely in cryptocurrency, a first for the renowned auto...
Privacy is a top concern for decentralised finance (“DeFi”) and general cryptocurrency users. The commonly held belief of anonymity formerly drove many to use currencies like Bitcoin and Ethereum, but this is quickly fading as more surveillance comes to light. For this reason, earlier this year The Right to Privacy Foundation sponsored a new DeFi project called...
It appears like there isn't a day that goes by without a big development in the ongoing lawsuit between Ripple Labs and the Securities and Exchange Commission. In the most recent such development, the Court has granted Ripple's request for assistance in obtaining XRP data from a list of offshore cryptocurrency exchanges. This means another fighting chance for the...
Paraguay’s Deputy of the Nation, Carlos Antonio Rejala Helman, has confirmed that new legislation in regards to Bitcoin will arrive in July. This comes amid growing adoption in Latin America led by El Salvador, which could be followed by Panama as well. With Bitcoin (BTC) mining concentrations increasing in North America, Miami Mayor Francis Suarez wants to make...
As we look at the 4h structure for this pair the price action structure is making a bigger consolidation that prepares the next move to the upside. We think the higher probability move for pound yen is to at least break the top. This doesn’t mean that in this consolidation we can’t have a new low, but we think the support at 153.500 should hold and if the down...
Fundamental overview: U.S. stocks fell slightly on Tuesday as the Nasdaq Composite slipped from its new all-time high, with investors waiting for the key FOMC monetary policy meeting. Billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday that Powell could spark a big sell-off in risk assets if he doesn’t do a good job of signaling a taper in the...
U.S. stock futures edged higher Tuesday, with technology shares on course to lead gains at the opening bell, as Nasdaq-100 futures rose 0.6%, pointing to a third consecutive day of gains for large technology stocks. Technical overview: In the coming days, we expect the price to pullback from the resistance zone towards the support area that we highlighted on...
In our last forecast, we were expecting Natgas to correct and reach the support level. Instead, the price rallied without looking back. In this case, in the coming week, as the momentum is strong, we expect a pullback towards the support level followed by a bullish continuation that could break last year’s all-time high. Trade with care. Best regards, Financial...
Our previous forecast for Silver came true, as we anticipated the bullish momentum that took place last week. As it stands, in the coming days, we expect the price to make another low inside the consolidation area and test the support level. Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach...