Currency

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish, and price went further downwards until it reached the support line at 1.1350. Further drop was rejected around the support level and a rally effort ensued. However, the rally effort was not serious enough to threaten the recent bearish outlook […]

Ethereum Price Medium-term Trend: Ranging     Supply zones: $400, $450, $500 Demand zones: $150, $100, $50   ETH is ranging in the medium-term outlook. The strong bullish pressure was sustained at the 61.8 fib level, then the cryptocurrency saw upward price movement to $304.99 in the supply area. The formation of a bearish hammer […]

BTCUSD Medium-term Trend: Bullish   Resistance levels: $6,500, $6,600, $6,700 Support levels: $6,300, $6,200, $6,100   The BTC price was in a bullish trend yesterday and the price reached the high of $6,484.60 but was resisted by the bears.   On August 9th, the BTC price had attempted to break the resistance level at $6,585.60 […]

Risk appetite has certainly deteriorated over the past week as Turkey clashes with President Trump and battles with the financial markets. It seems we are all emerging markets traders now as CNY and ZAR also get hit and trade near significant resistance levels, where the issues potentially become a wider test of global risk sentiment. Of […]

The bearish trend on GBP/CHF goes from strength to strength but, with multiple signs of over-extension and 8 sessions without a daily close higher, the risk of a bounce is increasing. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

EUR/USD has broken down to fresh yearly lows amidst concerns about exposure to Turkey – will bears look to target 1.12 next? Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

BTCUSD Medium-term Trend: Ranging Resistance levels: $6,400, $6,500, $6,600 Support levels: $6,400, $6,300, $6,200   Yesterday, August 9th, the BTCUSD pair was in a bearish trend. Yesterday, the price was approaching the $6,000 price and it was assumed that the bulls would defend the support level at $6,000. This was based on the fact that […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish After consolidating in the months of June and July, 2018, the market has resumed its bearish journey, which it started in April 2018. Last week, price dropped roughly 200 pips, and it has dropped more than 1000 pips since April. This is a bear […]

Waiting for Godot is a well-known play by Samuel Beckett where in short, nothing much happens and nothing is certain. This may sound boring but really, it’s anything but boring. The summer months in markets remind us of this at times. They are historically well-known for being some of the quietest months in the markets and with volumes razor-thin. Indeed, […]

Ethereum Price Medium-term Trend: Ranging     Supply zones: $500, $550, $600 Demand zones: $200, $150, $100   ETH returns to the range in the medium-term outlook. The bearish momentum was sustained until the price was down to $346.35 in the demand area.   The opening 4-hour candle at $355.63 was bullish and the cryptocurrency […]