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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...

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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...

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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...

financialflagship Updated 

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...

financialflagship Updated 

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...

financialflagship Updated 

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...

financialflagship Updated 

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...