Currency

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, […]

Around current levels, DXY is on track to close the week with a bearish reversal at the highs. Its failure to hold above 96.98 resistance has the hallmarks of a bull-trap. Yet what makes it more intriguing is that it almost mirrors the hammer seen in August which marked a 3.6% decline spanning 6 weeks. Throw in […]

XRPUSD Medium-term Trend: Ranging   Resistance Levels: $0.50, $0.52, $ 0.54 Support Levels: $0.40, $0.38, $0.36   The XRPUSD pair had been on a sideways trend.The price bars, the 12-day EMA and the 26-day EMA are horizontally flat indicating that the crypto is in a sideways trend. On October 30, the crypto’s price made a […]

It goes without saying that NZD/USD has been under heavy selling pressure overall this year. Yet, one by one clues are surfacing that this trend is under threat. The bearish channel from the June high has been breached today and, if weak USD sentiment continues through the European and US sessions, it’s on track to warn […]

A prominent swing low could mark the end of a shakeout as it heads for the 2018 highs. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

As of yesterdays close, the S&P500 has shed -9.36% for the month of October. This puts it on track for its tenth most bearish month using data since 1960. Of course, with two trading days left in the month it could still make a comeback, but we don’t see the harm in getting ahead of the game […]

ETHUSD Long-term Trend – Ranging   Distribution territories: $300, $400, $500. Accumulation territories: $150, $100, $50.   Over the past few days, Ethereum’s price has been maintaining a price range around the $200 territory, without having a lot of volatility to it.   The crypto’s traders weren’t able to push its price over said territory […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD is in a bearish trend – which started about 2 weeks ago. Price went downwards by roughly 160 pips last week, having gone down by 250 pips since October 15. Further bearish movement is anticipated, that would move price towards the support lines […]