Currency

Since our previous USD/CHF post, the pair broke to new lows in a seemingly direct route. We raised the potential for a 300-point drop and our bearish view remains whilst we trade beneath the 0.9788-0.9808 resistance zone. If successful, it could reach for the 0.9526/34 lows, although a correction needs to play out first. Stalling above 0.9650, the rebound […]

A bullish hammer on the weekly chart, its failure to test its lower channel and an increase of bullish momentum suggests USD/CAD could be on the verge of breaking its corrective channel. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Brexit represented an astonishing event in Forex markets, perhaps the most important one over the last three decades. Traders were totally surprised to see the Sterling plunging soon after the victory of ‘Leave’ at the Brexit referendum. Very few of them knew how to react to the collapse. Now, two years later, hard times for […]

As the final week of the month draws to a close, Aussie bulls are clearly licking their wounds. The Australian dollar has been the worst-performing over the month, week, and day so far as the currency faces a “perfect storm” of bearish developments: Industrial metals have come under selling pressure as the latest headlines suggest […]

BTCUSD Long-term Trend – Bullish   Distribution territories: $8,000, $9,000, $10,000. Accumulation territories: $6,000, $5,000, $4,000.   Bitcoin’s price has considerably increased against the US dollar this week. A few weeks ago, the cryptocurrency was moving in range-bound territories market by the distribution and accumulation territories of $7,000 and $6,000.    ...

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair started rising on August 15, and it gained more than 400 pips since then. However, there was a bearish retracement that took place last Thursday and Friday, which was not significant enough to override the recent bullish bias in the market (unless […]

Do you want to be a successful trader? Then you need to unlock your potential and develop the right habits and routines. Experience shows that people want to keep doing what they are doing, while expecting different results. In trading, that means they carry on trading in a certain way even when it brings poor […]

Previously we’d flagged AUD/JPY’s potential for a 300-point drop after it broke out of a 5-month range. Although we’ve yet to see the downside persist, recent price action puts this potential back in the spotlight. We find it no coincidence price is currently residing around 80.50, as today’s close will be the difference between a breakout or a […]

Ethereum Price Medium-term Trend: Ranging     Supply zones: $400, $450, $500 Demand zones: $150, $100, $50     ETH continues ranging in the medium-term outlook. The bullish pressure was weak within the range after pushing the cryptocurrency up to $297.36 in the supply area. The bears returned and pushed the price down to $284.34 […]

The breakout to an 11-month high has been seen with increasingly bullish momentum, which paves the way for further gains. That doesn’t mean it won’t mean revert first though. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.