All posts by : FM Capital Group

The Dow opened in 2022 at $36,313 and the year kicked off into a rally. For the first two trading days, the Dow continued to rally and on the third day it shot all the way up to $36,943, which now stands as its all-time high. Since the all-time high, price has dipped and every month in this year except for March and May have closed bearish.

A little backstory on the Dow. During the lockdown, specifically in March 2020, Dow Jones hit $18,300, a dramatic fall from the then all-time high at $29,550. Following the ease of lockdown, the Dow bulls got back in action and the price began a rally from April 2020 up to January 2022 – a 21-month bull run.

Last month, i.e. June 2022, price went as low as $29,642 and the month eventually closed at $30,767. The last time price was at $29,642 was in December 2020. In the next few weeks, we might be seeing price rally to $31,000 from its current price at $30,772.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stock indices in your portfolio? Schedule a meeting with us here

The post Dow Jones Loses Over 5000 Points In The First Half Of 2022 appeared first on FaithMightFX.

The appreciation of the dollar against other currencies continues as a two decades record has been broken. From the time EURUSD has been listed on trading-view in May 1993, the lowest price of EURUSD stands at 0.82623. in November 2000. That is to say, the US dollar gained more than the EUR since its listing on trading-view. For another 8 years, the EURUSD appreciated to an all-time high at 1.6000 specifically in April 2008.

Since the appreciation of the EURUSD to the all-time high at 1.60000, on the monthly chart, there have been lower highs and lower lows. This movement signifies a downtrend. For the first time in 20 years, the EURSD reached a par as 1 EUR equals 1 Dollar on the 12th July, 2022.  in the next few months, Euro might bounce from the current support at 0.99960 to a new resistance at 1.07657. Currently, the dollar looks strong.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here

The post 1 Euro Equals 1 Dollar, First Time in 20years. appeared first on FaithMightFX.

Since the all-time high of Etsy was reached in November 2021 at $309.06, price has continued to dwindle as it has lost over 75% of its all-time high. The price of Etsy at the beginning of 2022 was at $222. Etsy has not recorded any profits this year as price has kept falling from the opening price of the year.

Etsy’s share price is currently at $74.04 and the current support level sits at $66.98. Earlier in the year, precisely between February and April, there was a range in price between $113 and $164. The price broke out late in April which led the price to reach its current support level in mid-June 2022. This support level was last reached in May 2020.

On the daily, weekly, and monthly charts, there are no indicators of price being oversold on the RSI. Could this be an indication of a possible continued downward run of Etsy’s share price keeping in mind that on the 28th of June, 2022, the price opened at $79.11 and closed at $74.04 which was an 8% loss in just a single day? On another hand, candlesticks on the daily time frame indicate that price has been consolidating. From our analysis, we see the bears continuing to push the price lower despite the consolidation.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here

The post ETSY Loses More Than 8% In One Day appeared first on FaithMightFX.

On the USDJPY monthly chart, it took it 12 years for a head-and-shoulder pattern to be formed. The first shoulder was formed in 2004, followed by the head in 2011, and the second shoulder was formed in 2016. After the second shoulder was formed, price ranged for 6 years before a major rally started.  Despite the lockdown across the world in 2020, the YEN only gained the USD with few pips.

For the past 12 years, the USD has shown to be a stronger currency. The lowest price of $USDJPY was $5.956 in February 2012. The current price is at 135.508. The highest value of USDJPY since 2002 has been 135.126. Price was able to surpass the 2022 high few days ago after price reached $136.822, the highest price since September 1998. A consolidation in price might occur has the USD dollar has been massively gaining against the Japanese yen since the beginning of 2021.

This expected price consolidation might make price fall, which could in favour of the YEN in the next few weeks. The price could be at 130.00

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here

The post USDJPY Reaches 136.00, First Time Since September 1998 appeared first on FaithMightFX.

In March 2022, price of WTI rose to $130.37 per barrel, making it the highest price of crude oil in 14 years. Ever since then, the year’s resistance was maintained at that level. The all-time high of crude oil price was reached at $147.40 per barrel in June 2008. During the global lockdown in April 2020, there was an historical price fall. The price of crude oil went as low as negative price, as WTI was at -$40. The price closed on the 20th of April 2020 at -$37.51, as there was little or no demand for crude oil globally. The next day after this historical fall, price was back to double-digits.

The most part of Q2 2022, shows price has been over $100 most of the time. Some analysts have concluded that world might see a recession soon. Commodity prices globally might fall if the recession becomes a reality. As investors have concerns about the likelihood of a recession, and the Biden administration is prepared to step up its fight against lofty pump prices by calling a tax holiday on gasoline. The WTI fell to 104.40 from $109.74. As it stands, the oil price is headed to the first monthly loss since November 2021. If this fall persists, the oil price might fall to $62.63 per barrel which was the December 2021 support level. On the daily chart, between January and February 2021, RSI showed at three different occasions where price of crude oil has been overbought.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get commodities in your portfolio? Schedule a meeting with us here

The post Oil Price Loses Over $5 In A Day appeared first on FaithMightFX.

Like many other stocks, Disney share price fell to $78.63 in March 2020 as a result of the global lockdown. Prior to the fall in 2020, Disney’s all-time high was at $154.84. The ease of lockdown led to the rally that pushed the price of Disney all the way up to $203.12 in March 2021. This price currently stands as the all-time high.

After the all-time high, the share price was caught in a range on the weekly chart. The range began at the end of March 2021 and stretched to the first week of November 2021. The share price broke out of the range to the downside in the second week of November 2021. The breakout has led to a continuous downward slope in price as price as of June 23, 2022 is at $94.30, which is over a 50% loss from the all-time high.

We can say Disney’s share price is currently in the region it was during the lockdown. Recent reports claim Disney’s share price dip is partly due to their insistence in inserting Queer ideology into its children movies which people see as “child-grooming” and therefore, reprehensible. Indications on RSI shows that price is currently oversold on the weekly time frame. Our analysts see Disney’s share price fall below the Lockdown low of $78.63.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here

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