Currency

A 6% rally in less than two weeks is clearly a victory for S&P bulls but with key resistance now close overhead, risk reward may now be swinging back towards the bears. It’ still touch and go as to whether we’re seeing a volatile top play out or if this is the beginning of a volatile recovery. But […]

BTCUSD Long-term Trend – Ranging   Distribution territories: $5,600, $6,600, $7,600 Accumulation territories: $3,000, $2,000, $1,000   The price of Bitcoin against the US dollar has been declining in the last few weeks, going from over $6,400 to little under $4,000 before recovering. Recently, the cryptocurrency’s price made a push past the $4,400 accumulation territory. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The bias is neutral in the short-term and bearish in the long-term. Last week, price swung upwards and downwards without having a directional movement. That is going to change this week, as a prolonged directional movement is expected, which would most probably favor bulls, […]

Markets have all but come to a halt ahead of this year’s G20 summit, where eyes firmly fixated on the Trump-Xi meeting, as it could mark the difference between risk-on and risk-off next week. It’s likely that larger market moves could materialise if Trump and Xi fail to reach an agreement on trade. That said, market could […]

XRP Price Medium-term Trend: Bearish   Resistance Levels: $0.56, $0.58, $ 0.60 Support Levels: $0.36, $0.34, $0.32   Yesterday, the price of XRP was in a bullish trend. On November 28, the digital asset was resisted at the price of $0.40. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which […]

With its repeated failure to break key support levels along with a favourable seasonal phase through December, we see potential for EUR/USD to carve out a low. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Among the large US indices, the Nasdaq 100 has fallen the furthest from its highs. However, we’re starting to see signs that the tech benchmark could be oversold. We can see on the weekly chart that, having fallen over 15% from its highs, the Nasdaq is now within its second worst drawdown since the Nasdaq bubble […]

ETHUSD Long-term Trend – Bearish   Distribution territories: $220, $240, $260. Accumulation territories: $100, $80, $60.   Ethereum’s price has been ranging in the last few trading sessions before the crypto market’s big fall, between the $180 and $160 price territories. The cryptocurrency featured short ups and downs at the time.   On November 18, […]

After we highlighted $1200 as a pivotal level for gold, the shiny yellow metal has bounced above this key level to show bulls still appear intent on carving out a bottom on gold. As it turns out, the actual low on the daily chart was 1196.39, although price action remained above 1200 for November’s low on a […]

XRPUSD Medium-term Trend: Bearish   Resistance Levels: $0.56, $0.58, $ 0.60 Support Levels: $0.40, $0.38, $0.36   On November 21, the price of XRP was in a sideways trend. On November 20, the crypto’s price was resisted by the 12-day EMA and the 26-day EMA and fell to the low of $0.44. The digital currency […]