Currency

USD/CAD has broken out of its 4-month bearish channel this week, potentially opening the door for further strength in the coming week. 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: $7,000, $8,000, $9,000. Accumulation territories: $5,500, $5,000, $4,500   The price of Bitcoin against the US dollar has been coming up and down in the last few trading sessions, still within its range’s boundaries. The cryptocurrency’s price rose northwards from around $6,325 to see a high of […]

We’ve seen NZD go from strength to strength since breaking its channel, so we’re intrigued to see if AUD/USD can now play catch-up. Sentiment-wise, there’s an argument for AUD to carve out a low. Using the weekly COTS report, combined net positioning for AUD, CAD and NZD shows traders remain near a record level of short exposure […]

XRPUSD Medium-term Trend: Bearish   Resistance Levels: $0.56, $0.58, $ 0.60 Support Levels: $0.50, $0.48, $0.46   Yesterday, the XRP price reached the upper level of price range which is the $0.60 price level. The crypto had been range bound between the levels of $0.50 and $0.60. XRPwas bearish after the crypto’s price was resisted […]

Since its sell-off from multi-year highs, WTI is within its most bearish 5-week run since January 2016. And whilst momentum favours a test of $60, the risk of a retracement from current levels appears high. Starting with the daily chart, we note that momentum is clearly bearish and minor retracements since the 76.88 high denote […]

Since it broke its bearish channel last week, bullish momentum has continued to pick up against RBNZ’s wishes. And, with RBNZ and FOMC meetings just around the corner, it remains a pair to keep an eye on. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is bearish is the long-term, but neutral in the short-term. Since April 2018, price has shed 20,000 pips, reaching a yearly low of 1159.00. However, price has been ranging since the yearly low was reached in August, as speculators await breakouts of the price. There have recently been wild […]

Although the midterms elections haven’t always been viewed as a major event for markets, there is an argument to be made that this one could spark more volatility than usual. If the polls are to be believed, the Democrats are likely to take the house. If they’re to surpass expectations and take the senate as […]

See the key levels we’ll be watching on EUR/USD in the coming week! 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: $7,500, $8,500, $9,500. Accumulation territories: $5,500, $5,000, $4,500     On September 5, bitcoin’s price declined and breach the $6,800 territory, which saw it go down to a $6,000 mark on October 10. The cryptocurrency’s recent high on October 15 saw it surge upwards once more, […]