Faraday Research

Record oil production from the US and expectations for OPEC to boost their output has taken its toll on oil this past week. Although had it not been for the weaker dollar, it could have found itself trading lower still. But we note a conflicting picture from a technical perspective which, at some point, will […]

In true turnaround style, Euro rose broadly higher in face of fear-mongering headlines when Italy’s political crisis showed a whiff of a positive development yesterday. Whilst the turmoil in Italy will likely remain a key driver for Euro crosses, there are signs to suggest its downside has, or is already becoming overextended.   Looking at […]

Last week’s bearish engulfing candle below a pivotal area suggests a swing high may have been seen, with the longer-term trend pointing towards a break of the 2018 low. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

At the time of writing, GBPJPY has been the week’s most volatile pair and the break of two key levels suggest further losses could be ahead. In our previous analysis we highlighted the importance of 147, so we see yesterday’s break (and close) beneath it as constructively bearish. We suspect the ‘rally’ from the 2016 low is […]

We highlighted the potential for a 3-month reversal on GBP/AUD a few weeks ago. A 3.5% decline and break of key support later, a longer-term reversal pattern appears all but given. Unless we see a miraculous recovery over the following six sessions, its highly likely an evening star reversal pattern will materialize on the monthly chart. As […]

From $145 to $35 to $115 to nearly $25 and now to back above $70, the price action in the oil market has been a roller coaster for a full decade now, and the question on every trader’s mind is “how far will we rise before dumping again…and what does that mean for other markets?” […]

We argued that the 200-day average prove pivotal for gold and, whilst that hurdle is now cleared, one more stands in its way of further declines. After bobbing along the 200-day average for a short while, gold decided it was time to break out of a bear flag and clear the 1301.56-1305-87 support zone. If the bear flag projection […]

EURAUD appears on track to confirm a 3-month reversal pattern from the highs. And with several key levels having recently broken, we now have 1.5600 in focus as a break of it could signal further downside. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

After over two weeks consolidating in a tight 150-pip range, GBP/USD may be poised for a breakout amidst next week’s data avalanche… Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

We previously outlined a technical argument for EUR/JPY to have already seen its high. And whilst there is still another seven and a half months to go, price action since then appears constructively bearish. For the complete picture you can read the original post here  but, in short, we noted bearish range expansion from the 137.49 high coupled with […]