Currency

We’re intrigued as to which way the S&P500 trades today, given the importance of support it is sitting on. Starting on the daily chart we can see that the double top pattern hit target and prices have since stabilised above September’s low (2864.12). Despite its bout of weakness since 2940.91, bulls will no doubt be focusing on […]

Whilst WTI undergoes a steady retracement from its four-year high, we’re paying close attention to its depth as a $1 drop could confirm a bearish reversal. Starting on the daily chart we can see that the trend structure remains firmly bullish overall and price action has provided a shallow retracement from 76.88. Since our video last week, RSI […]

BTCUSD Long-term Trend – Ranging   Distribution territories: $7,500, $8,500, $9,500. Accumulation territories: $6,000, $5,000, $4,000   There have been a series of lower highs and lower lows in Bitcoin’s price over the past few weeks. The cryptocurrency’s price is still ranging, although it’s a little higher within the range. Its price has been fluctuating […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market was bearish last week, and the bearishness has become pronounced since September 26, 2018. Since the mentioned period, price has lost about 300 pips (or more or less). The market would remain bearish as long as USD is strong, and the support […]

The once unstoppable S&P500 finds itself on shaky ground ahead of today’s NFP report, where a firm NFP print could give it another boot ahead of the weekend. A host of strong data and hawkish comments from the FED finally took its toll as stock markets remembered that hikes can impact growth, earnings and therefor, […]

Ethereum Price Medium-term Trend: Ranging   Supply zones: $400, $450, $500 Demand zones: $150, $100, $50   ETH continues in the range in its medium-term outlook. The strong bearish pressure broke the $217.08 point twice in the lower demand area of the range, but the bull brought ETH back into the range – initially to […]

No sooner had markets given a sigh of relief over Italy’s woes, Powell comes out swinging to rejuvenate broad dollar buying and push EUR/USD below key support. Since the previous analysis we can safely confirm that the neckline is broken and the head and shoulders pattern has been decapitated. Now trading beneath 1.1510 resistance (previously support), momentum favours […]

Gold has spent the best part of the year under heavy selling pressure, but several clues point towards its potential to break this trend. We can see on the weekly chart that bears have had a field day since the 2018 high. Most notably its fall from 1365.01 to 1160.25 showed little in the way […]

An increasingly bullish structure and break to a 4-year high puts $80 within easy reach. Yet the cluster of resistance around this level and the fact that large speculators appear less eager to wade in at the highs is something to keep in mind as it makes its way to target. Faraday Research offers real […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair has become bearish, especially in the short-term. Last week, price went sideways from Monday to Wednesday and then dropped sharply on Thursday and Friday. The drop was 170 pips, and it was enough to bring about a near-term bearish outlook on the […]