Currency

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.

BTCUSD Long-term Trend – Ranging   • Distribution territories: $4,500, $5,000, $5,500 • Accumulation territories: $3,000, $2,500, $2,000   Bitcoin has been trading around the $3,500 mark over this week’s trading sessions, and has been maintaining the $3,500 and $4,000 as the boundaries to its range since December 21.   The cryptocurrency’s price has been […]

Despite the turmoil of UK politics and never-ending cycle of Brexit headlines, price action suggests GBP/USD could continue to strengthen. Starting with the weekly chart, we note a bullish pinbar candle failed to close beneath 1.2589 low provide a bear-trap at the multi-month lows. As the pinbar coincides with a bullish RSI divergence it warns of a bullish […]

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   The XRP price is in the bearish trend zone as the price is range bound at the $0.33 price level. As the crypto’s price is ranging, the exponential moving averages are trending southward. The crypto’s price […]

With gold coiling at its highs amid an accelerating trend, we’re looking for a break of 1300. We can see on the daily chart that the structure is firmly bullish and its trend is accelerating to show an increase of underlying momentum. Moreover, prices are coiling below 1300 to suggests a burst of volatility could be near. […]

After rebounding from a multi-month trendline with its third reversal pattern, we suspect the low is in. We’re now awaiting a break above a tight zone of resistance to signal its next leg higher. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

ETHUSD Long-term Trend – Bearish   Distribution territories: $200, $220, $240 Accumulation territories: $90, $70, $50   On January 10, Ethereum’s price went through a notable decline after it was trading along the $160 mark. The cryptocurrency failed to push past said mark after trading between the $160 and $140 range, and ended up falling […]

Although EUR/USD finally broke out of its range, 1.15 remains a core focus as we head towards the weekend as a close either side of it today will dictate sentiment next week. Dovish FOMC minutes and a ‘patient’ stance from Fed members helped EUR/USD break out and remain above 1.15. We can see on the […]

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.36, $0.34, $0.32   The XRPUSD pair had been range bound for days but fell to the bearish trend zone yesterday.The crypto’s price was in a bullish trend that resulted in a price rally. The bullish trend was short lived […]

This week we’ve seen both CAD/JPY and USD/JPY stall at resistance clusters so, with S&P500 also stopping at a pivotal level, it suggests risk sentiment may have approached an inflection point. We can see on the daily chart that the S&P500 has rallied no less than 10% in just nine trading sessions since the 2346.58 low. Whilst bears may be […]