As we anticipated in our last analysis, the British Pound consolidated most part of last week before finding some resistance in the area we highlighted on the chart. An instant spike in the US Treasury bond yields late last week provided a strong lift to the US dollar and increased the bearish momentum around the Sterling. Keep an eye on Wednesday’s Bank of...
In our previous forecast, we correctly anticipated that EUR/USD will begin a corrective phase before the bearish sentiment will continue. The pair wasn’t affected by the latest ECB policy decision that took place on Thursday, in which we saw all monetary settings left unchanged. For this week we expect the price to continue rising slowly until we test the strong...
Chainlink is a platform that aims to connect the gap between the blockchain technology-based smart contracts and real-world applications. To achieve this goal, Chainlink uses oracles (a decentralized finance instrument) to feed data into smart contracts, because blockchains cannot access data outside their network. Oracles provide external data (e.g., temperature,...
Litecoin was among the top performers of the last bull market, but during this market cycle the cryptocurrency that once led altcoin seasons, is now lagging far behind. Technically, Litecoin did exactly what we said in our previous week’s analysis. It started an up move that will eventually reach the resistance area at $250 in our opinion. There is however a...
XRP’s status in the market has had its fair share of troubles as a result of Ripple’s ongoing lawsuit with the SEC. However, there has been increased activity between Ripple and Coinbase that could impact the coin’s standing in the market. According to Whale Alert Ripple and Coinbase have made numerous transfers. The number of transferred coins was over 235...
ETH has emerged to be one of the most sought-after networks in the decentralized finance (DeFi) sector because of features like smart contracts. The second-largest cryptocurrency has been up by 10.95% in the last seven days to trade at $1,785 at the time of writing. Vitalik Buterin, one of the co-founders of Ethereum spoke in detail about what the envisioned...
USD/CHF started 2021 with a strong up move of approximately 600 pips. On 9th March it reached a top at 0,93745 and it’s making a correction. For us to determine the next move on this pair we must study the price action structure in the decision zone marked on the chart. We must see if it will react at the blue trendline and resume its uptrend or break it,...
German stocks closed higher on Thursday evening, as gains in the retail, transportation & tech sector led the shares higher. Based on those facts, DAX reached an all time high and is still dominated by strong bullish momentum. As you can see in our chart, we expect the price to continue to increase, but it should soon start a deeper pullback that can drop the...
A bond is a contractual agreement between an issuer and the bondholder. Owning a bond is like enjoying a stream of future cash flows. There are several important features that every bondholder must know before acquiring them: • The bond properties – issuer, maturity, principal, coupon rate and frequency, and the currency in which they are denominated. These...
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,...
As forecasted in our previous market outlook, Silver continued its bearish move the whole week reaching the $25. Short-term we expect Silver to reach our $24 target that coincides with a major support area, as the metals are heavily impacted by the strength in the US Dollar and the rise in the bond market. Supported by a strong Weekly bullish trend, Silver could...
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 anticipated in our last analysis, the British Pound consolidated most part of last week before finding some support around the $1.38 level. We now expect the price to keep its momentum going, backed by a strong dollar together with a rising bond market, and head towards the second support area that we highlighted on our chart. Keep an eye on Wednesday’s US...