financialflagship

financialflagship Updated 

As mentioned in our past analysis, USD/JPY broke out strongly of the falling wedge pattern, and we grow confident that bullish move will continue. The price moved sideways the whole week, but we expect it to continue increasing for the current week. More than that, a solid price break outside the descending channel will increase the chances that the bears will be...

financialflagship Updated 

Looking ahead to this week, the UK’s vaccine rollout has supported the British Pound despite the new high number of virus cases, while the market sentiment is expected to slowly become bearish. That being said, domestic data will be worth keeping an eye on, with the U.K. PMI’s in particular, which provides a more precise update in reference to the UK economy. Last...

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The Euro lost some momentum last week as U.S. industrial production increased strongly in December, providing some strength for the U.S. economy as consumer spending and employment gains slow. This might be the start of a complex correction that we’ve been expecting in the past couple of weeks for this particular pair and the price could drop below 1.20 levels....

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This week’s coin is Bread. We are in a bearish trend from the day it reached an all time high of 0,00021 BTC in January 2018. It made an all time low on January 8 2021 and it seems like it’s picking momentum to the upside on the 4h timeframe. We have some resistance at the rectangular area on the chart but if we break that zone we should expect a correction and...

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LTCUSD like BTCUSD is in a weekly bullish trend that now has lost a little momentum and it seems it’s making a correction before resuming the trend again. We are expecting more sideways moves before breaking the top and reaching eventually the all time high in December 2017. Trade with care. Best regards, Financial Flagship Disclaimer: The...

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The fundamental weekly sentiment for Ripple is bearish, taking into account the SEC’s lawsuit against the company in December 2020 and the expected first trial that will take place in February 2021. Technically , XRP is making a big consolidation that is expected to break lower at some point and retest the March 2020’s low. When that price is reached we are...

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Bitcoin is in a big weekly bullish trend and we were expecting for a deeper pullback to fuel the next leg up. Fundamentally the new Secretary of Treasury of the USA Janet Yellen and the President of the ECB Christine Lagarde are showing signs that they would want to regulate the space of cryptocurrencies driving their volatility up in the next...

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Copper continues to make new higher-highs, with our long-term bias pointing to a price increase even more than it did, as we are in a big bullish weekly trend. At the present moment, we don’t expect the trend to change, but we expect the price to enter a sideways move, with a chance of retesting the lower trendline before heading back up. Our advice is to skip...

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In the previous week, Natural Gas moved as speculated, with the price reaching the 2.74 levels. The price broke the parallel channel and we expect a deeper pullback before heading back up, our target for this week being in-between the 2.85-2.9 levels. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely...

financialflagship Updated 

Crude Oil rallied to new highs in the last couple of days to close at a nine-month high. The structure has changed a bit from our last outlook, as we now expect a small sideways move to re-test the trendline, before resuming the bullish trend. In the next couple of weeks, we expect the price to start a deeper pullback in order to gather more momentum for the...

financialflagship Updated 

Silver price depreciated last week more than 10%, the main purpose for this massive sell-off being the increase in the U.S. Treasury Yields and a strong U.S. Dollar. The Weekly chart for Silver indicates that a stronger bullish trend has started on the Weekly timeframe, but as we forecasted in our last week analysis, the price must come down in order to go back up...

financialflagship Updated 

Last week, in our analysis we expected Gold to start falling and go test the November lows. Price plunged 4%, moving more than 100$ to the south, the main purpose for this massive sell-off being the increase in the U.S. Treasury Yields and a strong U.S. Dollar. As it stands, this week we expect the trend to continue downwards with a big possibility to reach the...

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The Canadian Dollar increased its gains against the U.S. Dollar as Coronavirus surge impacted the labor market negatively for both United States and Canada. We pointed out in our last week analysis that we expected the price to gather some momentum for a daily pullback. As it stands, the price might go lower than it is right now, but our focus will be on the bull...

financialflagship Updated 

The Euro continues to rally against the U.S. Dollar, but over the past few weeks has lost substantial momentum. This doesn’t mean the Euro rally is on the verge of ending, but if it continues to act like this it might not take much to break the upward channel structure. It currently broke the bottom of the channel, but we will wait and see if it can hold and turn...

financialflagship Updated 

Last week the Australian Dollar rose against the US Dollar, advancing for an eight-successive week. Our prediction still stands for a bigger bearish corrective move, but no confirmation yet. We are in the middle of an uptrend channel, with a small chance to break the top again. Until we get a solid bearish candle underneath the lower line of the channel, we will...

financialflagship Updated 

As mentioned in our past analysis, USD/JPY broke out strongly of the falling wedge pattern, and we grow confident that the upside move will continue. The price closed above the 104 levels and we expect more bulls to join the party, as we might soon witness a break of upper channel line which may be fueled by the U.S. inflation numbers that are going to be released...

financialflagship Updated 

Last week at the market open, the British Pound made a new high, but then started to slightly depreciate against the U.S. Dollar. At the moment, we are in the middle of a parallel channel with the price expected to break the top once more. As it stands, we will closely watch the price action while it unfolds, and we will be looking for a bearish move which can go...

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Fundamental view: Back in late December 2020, the U.S. Securities and Exchange Commission filed a significant case against Ripple, the major cryptocurrency company. The SEC’s complaint charged Ripple claiming that the company raised over $1.3 billion through an unregistered digital security offering. The SEC’s objection claims that, starting in 2013, Ripple began...