Currency

USDJPY is consolidating near the August highs ahead of tomorrow’s BOJ meeting. And with the rolling correlation between Nikkei and USDJPY rising, we’ve taken note of Nikkei’s bullish breakout today. 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: $7,600, $8,600, $9,600. Accumulation territories: $6,000, $5,000, $4,000.   Bitcoin’s price went down to a low in the $6,100 territory on September 8. Earlier this week, on September 9, the cryptocurrency started seeing a series of lower highs towards the territory of $6,400, until September 12. The […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The bias on EUR/USD has essentially turned neutral, as price has not made any significant upwards or downwards movement in the last several trading days. There is a resistance line at 1.1750, and there is a support line at 1.1500. Either the resistance line […]

TIMELY EXIT “Successful Trading Is Not About Being Right.” – VTI What is your tolerance for pain? Consider the following scenario. You have 10% of your account balance on the line. For the past two days, prices have been going in the direction you had anticipated, but today, an announcement was made that caused a […]

Ethereum Price Medium-term Trend: Bearish   Supply zones: $400, $450, $500 Demand zones: $150, $100, $50   ETH enters the range in its medium-term outlook. The strong bearish pressure was lost after a drop in price to $167.32 in the demand area, closing the candle as a spinning top – an indication of the bulls’ […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a bear market. In August price dipped by over 6000 pips, reaching around the support level of 1160.00 (a support level). From there, price moved upwards by 5000 pips and then moved sideways till the end of the month. All this happened in the context of a downtrend; […]

Since our prior analysis the index has broken to new highs. Given its tidy retracement towards key support, those new highs may just be short lived. Just coming off from its highs, the trend remains undeniably bullish. Whilst the recent burst higher became a little overextended above its Keltner band, a retracement has since respected key support around 1267.23-1272.87. […]

Ethereum Price Medium-term Trend: Bearish   Supply zones: $400, $450, $500 Demand zones: $150, $100, $50   ETH is in a bearish trend in its medium-term outlook. The strong bearish pressure broke the lower demand area of yesterday’s range at $260.00 with a large bearish engulfing candle. The cryptocurrency was further down to $225.61 in […]

At the back end of last year, we wrote an Insight entitled ‘Binary Brexit stuns Sterling’ and how choppy sterling ‘has become on an intra-day basis’. Not much has changed it seems… Fast forward to yesterday afternoon when sterling was looking decidedly gloomy. Cable had traded below 1.28 and reality was starting to bite as Parliament was gathering after […]

CHF/JPY may not be the immediate choice for a speculative trade but, with it displaying such a directional move, we think it’s worthy of a look. We can see on the daily chart that a bullish breakout occurred last week, taking it to a six-month high. Although there were two minor attempts to break 113.26 […]