Currency

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.29, $0.27, $0.25   On February 8, the XRP price made some bullish gains but thereafter the price pulled back to the low of $0.30. The downward correction has made the crypto’s price fall into the bearish trend zone. The […]

If you want to trade currency, or foreign exchange, you need to find a Forex broker that will give you access to a trading platform on which you can buy and sell foreign currencies. There are plenty of Forex brokers out there (see a list on our Broker Listing page), so how do you pick […]

Until now, spot forex trading takes place in a definite amount known as “lots.” This means the number of currency units a trader will sell or buy. 100,000 units of currency are the standard size for a lot. Today, we have a nano, macro, and mini lot sizes ranging in 100,  1000, and 10,000 units respectively. […]

BTCUSD Long-term Trend – Ranging     • Distribution territories: $4,500, $5,000, $5,500 • Accumulation territories: $2,500, $2,000, $1,500   The price of Bitcoin has been seeing the $3,500 support keep on holding its price since January 11. After it was breached southwards the cryptocurrency notably sprung up, an impact reflect in most cryptocurrencies on […]

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.27, $0.25, $0.23   The XRP price is still in the bearish trend zone as the crypto closed at a price of $0.29. From the daily chart, we are waiting to see when the price action will tell us about […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $4,500, $5,000, $5,500 • Accumulation territories: $2,500, $2,000, $1,500   On January 28, bitcoin’s price was dragged southwards past a low seen the past week, which saw it enter a new range. Bitcoin’s price is now trading between the $3,500 and $3,000 marks.   The cryptocurrency’s […]

BTCUSD Medium-term Trend: Ranging   • Resistance levels: $7,000, $7,200, $7,400 • Support levels: $3,500, $3,300, $3,100   The price of Bitcoin is in the bearish trend zone. On January 29, the crypto fell to the low of $3,430.10 and commenced a bullish movement. The bulls have broken the 12-day EMA but were yet to […]

ETHUSD Long-term Trend – Ranging   • Distribution territories: $160, $180, $200 • Accumulation territories: $90, $70, $50   Ethereum’s price this week has moved in an almost perfect way, compared to last week’s formation. The cryptocurrency has been consolidating around the $120 level, after a sudden decline that occurred on January 10. Currently, both […]

The FTSE’s rebound has lagged its European and US counterparts, so with a reversal pattern forming below a resistance cluster, it could be a good contender to short if sentiment sours once again. We can see on the weekly chart that the FTSE is within a strong downtrend, although it’s produced a counter-trend rally over […]

AUD/JPY has paused beneath a resistance zone which includes a 61.8% Fibonacci reversal. If bearish momentum is to return it could confirm a head and shoulders top on the intraday timeframe and signal further losses. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.