Faraday Research

For the best part of seven months, EUR/GBP was confined to sideways range between 0.8689 to 0.9033. But as yesterday’s bearish range expansion takes the cross to an 11-month low, it strongly suggests its ready to trade in a new range. Although we’d seen a spike beneath 0.8689 support in March, yesterday’s decisive close is […]

The break above 1.1831 takes EUR/CHF to it’s highest level since January 2015 – the infamous month SNB pulled the plug on their currency peg with the Euro. And with little in the way of obvious resistance, we’re seeking opportunities to go long towards 1.20. The daily chart shows that short-term momentum is aligned with the longer-term […]

Recent trade war tensions seem to have abated as President Xi’s grown-up stance on global trade has soothed volatile stock markets. FX markets are not so sanguine on USD though, as geopolitics and US domestic politics continue to hurt the dollar, amongst its wider long-term issues. EUR/USD We highlighted the contracting ranges on the weekly and […]

Following a weekly morning star reversal pattern above a 38.2% retracement level, we have EUR/JPY on our radars for a bullish breakout on the daily chart. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

The non farm payroll by numbers. A preview for 6 April 2018 by Faraday Research. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

The swissie is unloved currently but USD/CHF’s steady uptrend is heading into some key technical levels ahead of US employment data. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

If price action yesterday is anything to go by, USD/CAD is in for a bad week. And if seasonal patterns are anything to go by, it could be in for a rough few months too. As our US Analyst Matt Weller aptly coined it, yesterday was a “King CAD” kind of day. Offering a reprieve from […]

It’s a “King CAD” kind of day in the FX market, with the loonie rallying against all of her major rivals. The proximate catalyst is (wait for it) the latest scuttlebutt about the North American Free Trade Agreement (NAFTA). The currency has been whipsawing back and forth based on the latest NAFTA headlines for months, […]

The price structure on the daily chart is firmly bullish and the trendline from the December low continues to act as support. With momentum on our side we are seeking bullish trades. Admittedly the decline from the 0.9515 is a little deeper than we’d like as a shallow retracement is generally preferred. But given we can see that two signs of compression have formed […]

After breaking the December trendline and compressing near recent lows, we explore the potential for further losses in line with a weekly bearish reversal candle. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.