financialflagship

financialflagship Updated 

Copper is in a sideways move for now and we expect for this week to continue the small bearish trend it has started. Our long-term bias is for the price to increase even more than it did, as we are in a big bullish weekly trend. For that to happen we need a sideways move in the Copper market in order to gather up more bullish momentum. At the present moment, the...

financialflagship Updated 

Natural Gas looks like it’s heading to the 2.7$ level with a big chance to exceed it. The price is coming near to our trendline and we expect a reaction around that area. Keep in mind that the gap we had last week has been filled, so there’s still a slight possibility for the price to break the low again. Remember that trading is a game of probabilities and, in...

financialflagship Updated 

Crude Oil had a slow week leading up to New Year’s Eve. We anticipate that the price will start to fall into a deeper consolidation. Currently, the price is moving around in the middle of the channel as we expect the bears to take control of the market in the near future. It may or it may not make a new high, but if we breach the parallel channel and the first...

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Silver is lingering in a messy corrective structure. The Weekly chart for Silver indicates that a stronger bullish trend has started on the Weekly timeframe, which means that on the long run, the price can test the 35$ area. For the moment, the lower trendline shall be our guide. On both Daily and 4H timeframes we expect a bearish move to be on the cards to test...

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Gold is making a complex consolidation pattern and for the short-term, the price may re-test the November lows. For the moment we can see the price slowly increasing and we will keep an eye on it until it will reach the 4H trendline, but for the duration, we will focus on selling Gold, rather than buying it. You should wait for your setup first and don’t jump in...

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The Canadian Dollar gave us false hope thinking that it could possibly weaken in the short to medium-term and that it could start a bigger Daily consolidation, but right now it seems like it will go one more time and break the mid-December low. We can observe that the weekly sentiment is bearish, and it seems that soon the price will start a deeper pullback move....

financialflagship Updated 

USD/JPY is the middle of the channel area. On the Daily Timeframe we are expecting an upside move, but for the moment nothing is clear. We can see the pair heading south in the short-term due to a new Covid-19 strain and with many worldwide lockdowns on the radar. We will wait for the price to break the upper trendline inside the channel in order to get a better...

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The British Pound finished the year on the front foot against the US Dollar. The new strain of Covid-19 aggravated the situation in the UK, with the country reporting over 50.000 new cases for four days in a row, while slowly heading into tier-4 restriction in several areas over the nation. The price ignored this aspect, along with the news that came out regarding...

financialflagship Updated 

In the last week of 2020, EUR/USD made a new top and ended the year with a new high. In our last analysis, we pointed out that we expect the price to start a bearish consolidation move in order to gather up more momentum for a bigger degree bullish move. We still expect a price devaluation to occur in the medium-term but at the moment the price is hovering around...

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Last week the Australian Dollar ended the year on a high against the US Dollar. Our prediction still stands for a bearish corrective move, but no confirmation yet. We are in the middle of an uptrend channel, but until we get a strong candle close underneath it, we will approach it cautiously. Firstly, the price has to fall in the medium-term before it resumes its...

financialflagship Updated 

Copper lost some of its gains at the beginning of last week as the price went down and bounced off the trendline. Taking into consideration that we are in a strong bullish trend we expect the market to consolidate at any point in order to make more room for upside. As per our previous analysis, a short-term bearish sentiment is on the radar. We can see the Copper...

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NATGAS/USD Last week Natural Gas respected our forecast and made a new 4H low. If we look in the bigger picture, we expect the price to resume the bullish trend that started in June. There is a possibility that it may continue to go down to test the lower channel line, but we will ignore it and we will keep our focus on the buys. Keep in mind that this week the...

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WTI/USD Oil prices lost their gains earlier this week after a new strain of Covid-19 is threatening the global demand recovery. Fears of new lockdowns around the world can have a negative impact on fossil fuels and may push the Oil price down. From a technical perspective, we can see the price breaking the previous top for a potential “stop hunt” in order to trap...

financialflagship Updated 

In our past Silver analysis, we predicted that the price would go down from one of the two liquidity levels highlighted on our previous chart. At the moment, we are in a bigger consolidation area and we expect more downside to come. In the long run we anticipate Silver to resume its bigger bullish trend, but for the short-term we will be focusing on the...

financialflagship Updated 

Our analysis for the Gold chart makes us think that in the short-term there is a good chance for the price to re-test the November lows. After that we can see Gold going back up, as Covid-19 case rates are rapidly increasing around the globe with many countries heading back into lockdown. A new variant of the virus was recently discovered in the UK, as well as...

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USD/CAD Last week we pointed out that we expect the USD/CAD to start a Daily bullish pullback, which it did. For the moment the price is ranging beneath the upper line of the parallel channel as trading volume thinned out on Christmas Eve. This is a good sign for us and we expect more upside to come for this pair. The market would most likely move slow next week...

financialflagship Updated 

The Australian dollar moved slowly on Thursday before heading into the Christmas holiday. The market looks likely to start a deeper downside consolidation. As you can see in the chart, the price strongly broke the channel without breaching the trendline, which would have been a better confirmation for the move that we expect. At the moment it looks like it is...

financialflagship Updated 

The USD/JPY remains in a neutral stance. There is a slim chance that the price will go down one more time and break the 4H low, before starting an up move. We are currently ranging in the middle of a parallel channel and we expect the price to break the upper channel line and start an uptrend. Until then, we will be looking at other pairs as nothing is clear at...