financialflagship

financialflagship Updated 

As we forecasted in our previous analysis, the Nasdaq Index looks like it has completed the pullback that we needed in order to confirm the long-expected downtrend. Last week, the price broke-out through the most important trendline that we had at this level, followed by a correction that stopped exactly at the resistance zone highlighted on the chart. Based on...

financialflagship Updated 

Having hit a seven-week peak in the 1.2240s on Thursday, the Euro has reversed sharply against the US Dollar and is now back beneath the 1.2100 mark, the main driver being the prolific number of USD buyers that were present at the end of the month. As we predicted in our past analysis, Euro rejected the strong resistance area that we highlighted and it seems that...

financialflagship Updated 

The fall in the British Pound was driven by the rise in the US bond market. Prospects of a stronger increase and possibly a steaming inflation have finally triggered a sharper bearish move. This is a move that we expected to happen for quite a while. As you can see on the chart, the price broke the trendline and it is now consolidating underneath. This correction...

financialflagship Updated 

The USD/JPY reached a six-month high last week going beyond the ¥106.60 level, supported by higher US Yields and even risk aversion. For this week we expect a reaction at the upper channel line, followed by a pullback towards the trendline and the support zone, in order to continue the uptrend that can push the pair beyond the ¥107 level. Trade with care. Best...

financialflagship Updated 

Following a strong start, “Aussie” erased all its gains in the second half of last week as the price broke the trendline aggressively. For this week, our expertise points towards an increase in the bearish momentum that might be the start of a bigger degree consolidation. Keep an eye on the RBA Interest rate decision event as it could have a big impact on the...

financialflagship Updated 

In our past USDCAD analysis we rightly predicted that the price is bound to make a new low. From that point, the “Loonie” rose more than 200 pips, reaching the 1.27 area, a move that was triggered by risk aversion and a spike in US yields. Technically speaking, we expect the price to continue its bullish trend towards the $1.30 level, but not without a pullback,...

financialflagship Updated 

In our past analysis, we predicted that Gold will have a chance to continue making new lower-lows. Last week was a complete sell-off, the price falling more than $100. We will now wait for the bearish storm to pass as our structure is now completed. This doesn’t mean that the price won’t fall even more from here, but for now, we will not be interested in selling...

financialflagship Updated 

In our previous market outlook, Silver beautifully rejected the bearish sweet spot that we highlighted as an important selling area. In the coming week, we expect this impulse to continue going south towards the major support area, that is located around the $24 level. Don’t forget to respect your strategy and don’t overleverage your positions. Trade with...

financialflagship Updated 

Last week, Oil recovered its previous losses and hit the $64 level. We are now forming a parallel channel at the top and it looks like the price is making small higher-highs, as this may be a hint that we are losing some momentum. It remains to be seen if we will break the lower channel line and ultimately start a bearish move that would act as a much-needed...

financialflagship Updated 

In the past week, Natural Gas continued to consolidate towards the $2.70 support area that is highlighted on our chart. Based on our analysis, we expect the price to continue the pullback towards the second support area located at $2.60 level. After the consolidation is over, we expect the price to increase and hit the $3 area, making a new top. Trade with...

financialflagship Updated 

The copper market edged to new highs at the beginning of last week, with the price almost reaching $4.40 level before starting an aggressive bearish impulse. It seems that the consolidation that we were talking about in our previous analysis started, as we expect more bearish momentum for this week. If we break the trendline and consolidate underneath, there is a...

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This pair is in a big weekly consolidation that will prepare the down move. Last week we forecasted one more up move and the price went to the support area at 1.77-1.774 and then climbed sharply to 1.811 in 1 day. After the creation of the top at 1,811 we saw a sharp reversal and we are now in a consolidation zone. We think that the price may move up and down in...

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As we forecasted in our last analysis, GBPJPY made a down move on February 25th and it is now slowly crawling its way up to make a new top. Right now its consolidating in one of the support areas so, we expect at least one more push to the top. However, because of the sharp reversal at the 150.430 price, we can expect a down move that would at least reach the blue...

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Harmony is a blockchain technology created to promote the production and use of decentralized applications. It has a market capitalization of $269 million dollars and a 24h trading volume of $84 million. The cryptocurrency was created by a German cryptographer (Stephen Tse) who studied at the University of Pennsylvania. The Harmony mainnet which is focused on...

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Litecoin is pretty much in the same consolidation phase as the other 2 cryptocurrencies analyzed (BTC and ETH). It will either stay “trapped” between the support and resistance zones and will probably head south when the consolidation is over or it will break the resistance with a big move and continue higher. The higher probability scenario is the one where...

financialflagship

The price of Ethereum dipped nearly 20% in the last 5 days, reaching a low of $1350 per ETH on 23 February. During this selloff the price of ETH on crypto giant Kraken, fell to nearly $700, significantly lower than on other platforms. Jesse Powell, Kraken CEO, explained that this discrepancy was made because of the extreme selling and that was nothing wrong with...

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The price of Ripple (excepting the very volatile day of Tuesday 23 February where the price dropped from 63 cents to 36 cents on the dollar) remained mainly in the same range between the resistance and the support area, respecting also the blue trendline marked on the chart. We see the price dropping further, touching the low of the support area or testing the...

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The long-awaited correction in Bitcoin (that we anticipated here in the Financial Flagship’s last week newsletter) started this week with the price falling from the high of $57k on Monday to the low of $44k on Friday. Now, we see 3 scenarios developing for the price action of the cryptocurrency; the first one, the most probable, the price will go a little higher...