Currency

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.36, $0.34, $0.32   The XRPUSD pair is still in a bearish trend as the price retraces from the recent high. From the price action, the XRP price had been retracing consistently. On December 25, the crypto’s price retraced and […]

BTCUSD Long-term Trend – Bullish   • Distribution territories: $5,000, $6,000, $7,000 • Accumulation territories: $2,500, $2,000, $1,500   Bitcoin’s price has seen a notable swing upward against the trend line of its 14-day SMA on December 17, after dropping below it on November 14. Currently, the cryptocurrency’s price has been trading around the $4,000 […]

ETHUSD Medium-term Trend: Bullish   • Resistance Levels: $230, $240, $250 • Support Levels: $100, $90, $80   The price of Ethereum is still in a bullish trend as price approaches the $120 resistance level. The crypto had earlier broken the 12-day EMA, 26-day EMA and the $100 resistance level to reach the bullish trend […]

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 […]