Currency

It wouldn’t be a market correction without comparisons to prior market tops. So, today we compare the S&P500 price action to its three previous bear markets. The following chart rebases the S&P500 from previous market tops, which enables us to compare these historic periods to see if current price action tracks it in real-time. So […]

By some measures, oil’s rout may not be over, and this could well be the catalyst that sends USD/CAD above its 2018 highs. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

One by one FX majors point towards a broader USD reversal, with the Swiss franc now coming onto our radar. We can see on the weekly chart that USD/CHF has had a tough time above parity since October 2017. That’s not to say it hasn’t tried to hold above it, yet each time it has broken above […]

We take a look at the daily chart of EUR/USD, GBP/USD and AUD/USD to highlight key levels for the week ahead.                       Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.  

ETHUSD Long-term Trend – Ranging   Distribution territories: $250, $350, $450. Accumulation territories: $150, $100, $50.   On November 7, Ethereum saw its price fall against the US dollar that included it featuring lower lows within the range between $220 and $200. The range was later on breached southwards on November 14, as its price […]

Momentum has turned to drive gold back down to $1200. Yet it could provide near-term opportunities for both bulls and bears near the lower bounds of its channel. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

1.13 remains an important level for the Euro as we head towards the weekly close, with a growing potential it could mark a bear-trap and reversal of fortunes for bulls. Starting with the daily chart, it looks straight forward for bears. The trend is clearly bearish, it trades within a descending channel and bearish hammers […]

XRPUSD Medium-term Trend: Bearish   Resistance Levels: $0.56, $0.58, $ 0.60 Support Levels: $0.40, $0.38, $0.36   Yesterday, the XRPUSD pair was in a sideways trend as the Doji and spinning tops candlesticks described the indecision of buyers and sellers. It was suggested that if the price broke the $0.51 price level, the cryptocurrency would […]

A quick update on AUD following the strong employment data seen earlier today. Last week we highlighted the potential for AUD to carve out a new low, although part of the process involved establishing a new range before breaking higher. Having since respected key support and bounced, recent price action appears promising in our view. We can see […]

Bears appear unconcerned with the prospects of a Santa’s rally this year, who instead appear set to drive it to the October lows. Since the all-time high in May, the FTSE has shed over -11% by yesterdays close (or by -13.6% at the October low). Whilst we’ve seen a recovery from 6851.59, the trend structure remains […]