Currency

At the time of writing, GBPJPY has been the week’s most volatile pair and the break of two key levels suggest further losses could be ahead. In our previous analysis we highlighted the importance of 147, so we see yesterday’s break (and close) beneath it as constructively bearish. We suspect the ‘rally’ from the 2016 low is […]

We highlighted the potential for a 3-month reversal on GBP/AUD a few weeks ago. A 3.5% decline and break of key support later, a longer-term reversal pattern appears all but given. Unless we see a miraculous recovery over the following six sessions, its highly likely an evening star reversal pattern will materialize on the monthly chart. As […]

We argued that the 200-day average prove pivotal for gold and, whilst that hurdle is now cleared, one more stands in its way of further declines. After bobbing along the 200-day average for a short while, gold decided it was time to break out of a bear flag and clear the 1301.56-1305-87 support zone. If the bear flag projection […]

Daily analysis of USD/CHF for May 21, 2018 USD/CHF The USD/CHF is bullish in the long-term, but neutral in the short-term. Price has been consolidating in the past two weeks; whereas that is not strong enough to render the recent bullish bias useless. There is going to be a breakout at last, but the movement […]

EURAUD appears on track to confirm a 3-month reversal pattern from the highs. And with several key levels having recently broken, we now have 1.5600 in focus as a break of it could signal further downside. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

After over two weeks consolidating in a tight 150-pip range, GBP/USD may be poised for a breakout amidst next week’s data avalanche… Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards last week, testing the support line at 1.1750. The market went essentially sideways on Thursday and Friday, and may go below the support line at 1.1750, to target another support line at 1.1700. About 250 pips have been lost this […]

BTCUSD Medium-term Trend: Bearish   Resistance: $8,500, $8,400, $8,300 Support: $7,900, $8,000, $8,100 Yesterday, May 15, the BTCUSD pair traded above the $8,500 price level and, at the same time, the bearish trend line was broken. Secondly, the candlestick also closed on the opposite of the trend line. The price action also showed that the price retouched […]

We previously outlined a technical argument for EUR/JPY to have already seen its high. And whilst there is still another seven and a half months to go, price action since then appears constructively bearish. For the complete picture you can read the original post here  but, in short, we noted bearish range expansion from the 137.49 high coupled with […]

More than any other asset, gold invokes strongly-defended positions among both its proponents and detractors. Whether you believe gold is “historically the only true form of hard money” or “just a yellow rock with few industrial uses,” it still pays to keep an eye on the price action and evaluate the current trend. For more […]