Currency

BTCUSD Long-term Trend – Ranging   Distribution territories: $7,500, $8,500, $9,500. Accumulation territories: $6,000, $5,000, $4,000.   Earlier this week, on September 23, Bitcoin saw its value drop against the US dollar until September 25. The cryptocurrency then on September 27 saw its price surge, which changed its initial bearish conditions to enter a ranging […]

EUR/USD broke out of a 4-day consolidation pattern earlier today. Whilst the direction was against bullish wishes, markets are now fully focused on the neckline of a 10-week reversal pattern. An inverted head and shoulders on the daily chart projects an approximate target near the May 2018 low. That is, of course, if it doesn’t […]

AUD’s 2018 bearish channel continues to hold and is likely to tempt bears with a test of its upper trendline. Yet, with bullish technicals appearing on the weekly chart whilst major commodity FX hits a record level of short exposure, we’re also keeping an eye for a breakout of Aussie’s ‘channel of the year’. Faraday […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The current bias on the market is bullish, but the bullishness is not very strong. Price consolidated in the first few trading days of last week, and went higher on Thursday. The outlook on the market remains bullish for this week, and thus, buying […]

Brexit shenanigans drove Sterling broadly lower on Friday. We see the potential for these declines to extend further, particularly against the Swiss franc. Among GBP pairs it was GBP/CHF which fell the hardest on Friday, closing the session -1.5% lower and suffering its most bearish day in 10 months. Given that GBP/CHF has also been the […]

EUR/USD has carved out a clear inverted head-and-shoulders pattern over the last couple of months – see what resistance levels we’re watching if the pattern leads to a bigger rally in the coming weeks! Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

BTCUSD Long-term Trend – Bullish   Distribution territories: $7,500, $8,500, $9,500. Accumulation territories: $6,000, $5,000, $4,000.   Bitcoin suffered a considerable downturn against the US dollar within the first and the second trading day sessions of this week. The downturn that occurred on September 17, in the market price value of the crypto was so […]

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 bearish pressure within the range was strong as ETH dropped to $196.00 in the demand area despite the railroad formation that should have brought about a bullish rally. […]

After rallying nearly 4% since the 83.76 low it’s just the May high which stands in its way to clearer skies. And whilst the daily trend structure has appeared erratic in recent times, we see a few clues which hint at a bullish breakout. Since crashing to the 2018 low, three prominent higher lows have formed to show […]

Here’s a quick follow-up on our previous analysis of GBP/CAD after a second bearish pattern has formed below key resistance. On the 13th September we outlined GBP/CAD’s potential for a large drop, based upon an established bearish channel and 10-week declines within it. The bearish channel not only remains intact but has also been reinforced by another dark cloud […]