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Since December 2020, EURUSD has been on a bearish trend. Each time the pair tries to gather momentum in the upward direction, the bears counteract the movement and the price heads back downwards. Since Q4 2020, $EURUSD has lost over 1900 pips.

Since the beginning of 2022, the strength of the bulls have been minimal as the price has been pushed downwards in favor of the US Dollar. The war between Russia and Ukraine has led to Russia cutting the gas supply to some European countries and this may be a contributing factor to the weakened Euro. More so, the inflation hitting economies worldwide may also be a reason why major currencies can’t seem to rise against the US Dollar.

About four weeks ago, EURUSD fell below 1.0600 for the first time in five years. On the 13th of May, 2022, the price of EURUSD was as low as 1.0350. However, in the last two weeks, the Euro has appreciated against the US Dollar. Price has been able to rally to 1.0680 which is over 300 pips gain in the last week. In the coming weeks, the bears might push price lower again below 1.0470.

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 EURUSD Rebounds appeared first on FaithMightFX.

Since April 2020, the charts on Tesla have been bullish. This upward trend occurred in spite of the pandemic that crashed many stocks. The price at the beginning of the bull run in April 2020 was $100 per share after the stock split. (Please note that all prices are quoted since the stock split in August 2020). This continued until the end of the year despite little corrections in between. The $TSLA price soared on this bullish energy to an all-time high of $1,245 in November 2021.

There has been a huge correction since the all-time high in November 2021 as price has been falling. This bearish run saw a little bullish movement which occurred in March 2022 with the price experiencing a temporary rally. The bulls, however, were counteracted by the bears and the price continued its downward trend.  In Q4 2021, our analysts concluded that the share price of Tesla could go below $1000 after reaching a new high at $1092 in October 2021.

Tesla’s price is currently at $709.81 per share. The worst closing price on the monthly chart since May 2021 was $625. This bearish run might push the price down towards $600 per share. RSI has indicated that the price has been overbought on both the weekly and monthly charts since November 2021.

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 Tesla Share Price Continues To Fall appeared first on FaithMightFX.

Looking at the Monthly chart, the lowest price ever that USDJPY reached was 75.486 which was in October 2011. This price became the support at that time and it lasted from that time up until February 2012. Price began to rally in February 2012 and USDJPY has been majorly bullish ever since then, with little pushback from the bears which occurred in 2016.

In 2015, resistance was established at 125.647 but this correction that occurred in 2016 caused a dip in price to 99.009. In 2017, the pair got caught in a range that stretched until 2021. The upper limit and the lower limit of the range were 118.382 and 101.162 respectively. In 2022, this range was cleared up and the price broke 2015 resistance, which reached a new high at 131.298 in April 2022. The last time USDJPY hit this mark was in April 2002.

As of May 17, 2022, USDJPY is at 129.346. On the daily, weekly, and monthly charts, RSI is overbought. This means that, from a technical analysis standpoint, price looks to fall below 127.500 in the coming days.

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 New High In 20 years appeared first on FaithMightFX.

Pandemonium has taken over the cryptocurrency space as Bitcoin and its counterparts plunge drastically while others have crashed completely. Many investors in cryptocurrency have been caught unawares by the sharp fall of most cryptocurrency assets in the last few weeks. Here is an outline of how much value (in %) the major cryptocurrency assets have lost in the last 7 days: 

• Bitcoin, the crypto with the highest market cap, has lost 27%
• Ethereum has lost 32%
• Binance coin has lost 32%
• Ripple has lost 39%
• Cardano has lost 44%
• Solana has lost 50%

The price of Luna at the beginning of the week of May 9, 2022 was $63. As of May 12, 2022, Luna was at $0.12 which is about 99.8% loss of its value in the last 7 days. So far, this is the biggest loss of all Cryptocurrency assets. Before this crash, Luna was the 6th largest cryptocurrency by market cap. As a result of this crash, it has lost that position.

Looking back, Bitcoin surpassed $1Trillion in April 2021. As it stands right now following the crash, Bitcoin has lost over 50% of that all-time high market cap. However, Bitcoin still maintains the number one spot in the Cryptocurrency market with a market cap of $544Billion. As of today, May 12, 2022, Bitcoin is currently at $28,000.

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 cryptos in your portfolio? Schedule a meeting with us here

The post Investors Lose Big As Cryptocurrency Market Crashes appeared first on FaithMightFX.