Currency

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 […]

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 […]