Currency

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.

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 […]