We have lots of confirmation on the monthly chart that this pair will likely continue it's downtrend in the months ahead.
Always know your risk, and stay within it.
~God Bless
Regards,
Paul.F
GBP/JPY on monthly chart suggests further upside strength still to come. MACD is our leading indicator along with the higher high sequence with price action.
The chart above illustrates my suggested bullish targets on a monthly basis for swing/long-term traders.
Always know your risk, and stay within it.
~God Bless
Regards,
Paul.F
Last week, Capital One restored their quarterly dividend to pre-COVID19 price levels. The company announced a quarterly cash dividend of 40 cents per share, up over 300% from the prior quarter. The dividend will be paid out on March 1st to shareholders of record as on February 17.
The development excited investors enough and pushed Capital One shares to a new...
As of writing this review, prices with EUR/USD managed to break and hold above the previous level of resistance. This does allow for further upside possibilities at least towards the 1.22 area. On the contrary, the ECB (European Central Bank) has expressed growing concerns about the appreciation of the Euro with the negative effect on GDP.
In Summary
I am...
Since Telsa now accepts BTC as a medium of exchange, and the wild volatility we see with Bitcoin traders, could have an uncertain impact on the predictability of the company’s performance. If BTC prices continue to rage higher, you could end up paying a lot more over time for your Tesla vehicle. However, on the contrary, if BTC weakens you very well could end up...
S&P500 continues to develop new record highs in light of ongoing stimulus talks. US Treasury Secretary Janet Yellen stated the US stimulus plan could potentially result in full employment by 2022. With all this stimulus, inflation concerns could begin to resurface and may begin to weigh down the equity market if we start to see a rebound with the dollar....
Continued fiscal stimulus will boost US bond yields and then eventually also the US economy in 2021 relative to its peers, increasing the relative attractiveness of the US dollar versus some of its major lower growth, lower-yielding peers (such as EUR, GBP and JPY). Higher US growth in 2021, and perhaps a faster than expected pick-up in inflation, might encourage...
The stimulus driver for Bitcoin is not going away anytime soon as COVID updates around the world show virus mutations and a slow vaccine rollout will force further restrictive measures globally, including Asia. Japan and China have cases heading in the wrong direction, while the situation across the US and Europe remain dire. Bitcoin is surging higher as rising...
Overall Litcoin is moving sideways on the 1 hour chart. I'm looking for a better buying opportunity around the 145 area.
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"Always prepare yourself for the unexpected turn."
Paul Forbes - Managing Partner @ LEFTURN Inc.
Bitcoin definitely has the potential to break higher above $42k, but I believe now might not be the time. I'm suspecting a bounce off the current top and a retracement lower towards $35k. For those that watch Bitcoin on a regular basis, I wonder how frustrating it will feel if Bitcoin now drops down to $30k, while knowing there was a window of opportunity to book...
⭐️Key Takeaways⭐️
✔️ The S&P500 and AUD/USD continue to share the risk-on correlating relationship
✔️ Fed Chairman Jerome Powell speaks at 9:10 am EST
⭐️Market Sentiment⭐️
U.S. equities are expected to open lower today after record levels the previous session, ahead of a key speech from Fed Chairman Jerome Powell at 9:10 am EST. Gold futures retraced 0.3% to...
⭐️Key Takeaways⭐️
✔️ EUR/AUD approaches support on 4 hr
✔️ RSI tagging 30
✔️ Risk-on sentiment has allowed the commodity trading currencies to continue to outperform
✔️ Technology stocks power S&P 500, Nasdaq to new highs. Price recorded at 3472 at time of writing
⭐️Market Sentiment⭐️
The S&P 500 along with Nasdaq hit record highs today as investors bought into...
