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    Spain golden visa scheme ends as Portugal and Greece demand increases

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    Insurance recapitalisation plans to be submitted by Sept. 30, 2025 – NAICOM

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    Elon Musk’s Tesla Share Price dropped nearly 16% in a “very intense 7 days”

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    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    Larry Ellison tops Elon Musk as world’s richest person

    Larry Ellison tops Elon Musk as world’s richest person

    Finland charges Simon Ekpa with inciting terrorism

    Simon Ekpa sentenced to six years in Prison for terrorism offences

    UK Court awards £20m Damages in favour of Nigeria against P&ID

    FG, States, LGs share ₦2.00 Trillion for month of July 2025

    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

    Only 23% of Nigerians trust INEC- Report says

    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

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    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

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    Fiverr Cuts 20% of Workforce in Major AI-Driven Restructuring

    Ford Announces Move to New Global Headquarters in Dearborn

    Ford Announces Move to New Global Headquarters in Dearborn

    SET Plc to Hold Emergency Board Meeting

    SET Plc to Hold Emergency Board Meeting

    Nigeria Custom Service begins recruitment

    Nigeria Customs Service Recruitment: 573,000 Applicants Compete for 3,927 Vacancies

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    Shareholders of Academy Press Plc to consider share capital increase at AGM

    Shareholders of Academy Press Plc to consider share capital increase at AGM

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery sets date for Free Fuel Distribution, Slashes Petrol Price to N841/Litre

    Insurance recapitalisation plans to be submitted by Sept. 30, 2025 – NAICOM

    Insurance recapitalisation plans to be submitted by Sept. 30, 2025 – NAICOM

    Regency Alliance Insurance Plc Board pass resolutions, No Dividend recommendation

    Regency Alliance Insurance Plc to issue another share bonus

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    Elon Musk’s Tesla Share Price dropped nearly 16% in a “very intense 7 days”

    Elon Musk buys US$1 Billion worth of Tesla Inc. shares

    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    Cutix Plc founder sells additional 1.8 million shares of the company

    VFD Group Plc Employees and others sell millions of VFD Group shares

    Nigerian Exchange – Stock Market report for the week ended 7th July, 2023

    The Nigerian Exchange records impressive performance in H1 2025

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

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    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

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Hybreed market forecast for week ending 12th to 16th April 2021

Market forecast

Tuesday, 13 April 2021, 8:09 pm
in Markets, Opinion & Analysis
0
Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021
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AUDUSD

The Aussie confirmed a potential bearish pattern, am talking about the head and shoulders that I have discussed for two weeks now.

Ever since the Aussie closed below 0.7640 on 24-03-2021 it has been moving side ways it has found support on a trend line bouncing off 0.759 today. This consolidation I believe is a breakout in the waiting.

A daily close below 0.759 will expose 0.7500 and the measured objective around 0.7300.

  Resistance remains the neckline of the the head and shoulders currently at 0.76754.

AUDUSD daily time frame

GBPUSD 

GBPUSD rallied and topped with a bearish pin bar and started to retreat. it also broke out of an ascending channel and stalled.

Currently there is a descending in play and signifies and a continuation since descending channels almost always breaks to the up side.

There is horizontal resistance at 1.376 and trend line support at 1.352; there is a confluence of support at 1.3480/1.34816 any retest of these support will be an opportunity to get long. Targeting the channel and horizontal resistance round 1.370 and 1.37642.

A daily close above the will channel will expose 1.400 and 1.425. GBPUSD daily time frame

BTCUSD

Bitcoin has been pressuring the all time high resistance I discussed last week.

In that article I highlighted the horizontal resistance and channel support. A daily close above 61450 will open the way towards the channel resistance around 75000.

Alternately, a daily close below the channel support might send the price to the next support at 50666. BTCUSD daily time frame

GBPJPY

GBPJPY rallied impressively after it broke out of a multiyear trend line on the 28th of January 2021 moving over 1000 pips. The close above 152.480 turned to be false and also completed the formation of a bear flag.

Currently the price is hovering above the trend line support around 149.40.

A daily close below 149.40 will produce a deeper a pull-back.GBPJPY daily time frame

Vivian Ifunanya Gerald

Administrator and Writer

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