Currency

Santa’s rally took another slap to the face yesterday with the SP&500 closing firmly beneath the 2018 low. Currently trading -9.2% lower amid its worst month since February, the odds of a turnaround look bleak to say the least. We’ve been tracking the top of the S&P500 for a while and, whilst it currently lags the ferocity […]

We see a potential topping pattern on USD/JPY which is eerily similar to one last December which resulted in a 700-pip decline. So, with a highly anticipated FOMC meeting just hours away, it’s worth keeping an eye on which way this one breaks. The weekly chart shows that USD/JPY bulls are struggling to overcome the […]

Since its volatile burst through the August low, prices are beginning to coil beneath key resistance. And with GBP/USD caught in the crosshairs of key events this week, we expect volatility to make a comeback. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

BTCUSD Long-term Trend – Bearish   Distribution territories: $5,500, $6,500, $7,500 Accumulation territories: $2,500, $2,000, $1,500   The price of Bitcoin against the US dollar has been pressured down over the past few weeks. The cryptocurrency saw double top shadow Japanese candlesticks between December 9 and 10 at the $3,600 mark, signaling the bulls weren’t […]

RPUSD Medium-term Trend: Ranging   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   The XRPUSD pair has continued to consolidate at the $0.30 price level. There has been no significant price movement in the last 24 hours as the crypto made a bullish movement to the high of $0.31. […]

With momentum picking up towards the 2018 highs, there’s 200 pips of clear space if we see a breakout above them. And if we take the longer-term bullish trend into account, a break above the 2017 high isn’t out of the question. Faraday Research offers real time FX and Equity trade signals from qualified analysts. […]

Volatility remains high, but a bullish reversal near support may provide a bounce over the near-term. Having ‘only’ fallen over 12% from its high, the S&P500 is yet to breach the -20% threshold to confirm a bear-market. Another supportive feature eyed by the bull-camp is the cluster of structural lows between 2532.69 – 2603.54 which […]

XRPUSD Long-term Trend – Bearish   • Distribution territories: $0.50, $0.55, $60 • Accumulation territories: $0.20, $0.15, $0.10   XRP has been on a bearish trend, as the crypto started its downward movements last week to hit the $0.35 mark. The crypto’s market price has since kept on declining, hitting a low of $0.30, below […]

A couple of weeks ago we highlighted Gold’s potential to re-test the October highs and, given the turn in investor sentiment and favourable seasonality, we still think it will eventually break higher. Over its 30-year monthly average, gold has appreciated eight months in a year, four of which have occurred between November through to February. We note […]

Following its worst session in 20 weeks yesterday, volatility on USD/JPY has not gone unnoticed. After crashing down to the March trendline, the cross is clearly sensitive to the rout in bonds and headlines surrounding trade. Yet, whilst this could allow for some whipsaws over the coming session/s, we’re keeping a close eye on developing […]