Currency

GOLD (XAUUSD) Dominant Bias: Bearish Gold is bearish in the long-term, and neutral in the short-term. Apart from the noticeable downwards movement in the first half of May, price has not assumed any directional movement so far this week. A rise in volatility will be witnessed in this June, which would most probably favor bears, […]

Since confirming an evening star formation on the monthly chart, momentum is back in line with a longer-term bear trend to suggest the end of an 18-month correction may have been seen. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

BTCUSD Long-term Trend – Bearish   Distribution territories: $10,000.00, $11,000.00, $12,000.00. Accumulation territories: $6,000.00, $5,000.00, $4,000.00. The US dollar has been pushing against Bitcoin, flagship cryptocurrency. The last time BTC made a strong move was on May 5, as on that day, it was surged thanks to the bulls, to the point of touching the […]

Daily analysis of USD/CHF for June 4, 2018 USD/CHF The USD/CHF trended downwards in the first few days of last week, and then started a bullish correction on May 30. Price went upwards by 200 pips in the context of a downtrend, but the movement was not significant enough to override the extant bearishness in […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The pair trended downwards in the first few days of last week, and then started a bullish correction on May 30. Price went upwards by 200 pips in the context of a downtrend, but the movement was not significant enough to override the extant […]

Record oil production from the US and expectations for OPEC to boost their output has taken its toll on oil this past week. Although had it not been for the weaker dollar, it could have found itself trading lower still. But we note a conflicting picture from a technical perspective which, at some point, will […]

ETHUSD Medium-term Trend: Bullish Resistance: $585, $580, $575 Support: $555, $560, $565 Yesterday, 30 May, the ETHUSD pair was in a bullish market. Ethereum had established itself above the $550 price level. Meanwhile, the MACD line and the signal line were above the zero line, indicating a buy signal. Also, the price was above the […]

In true turnaround style, Euro rose broadly higher in face of fear-mongering headlines when Italy’s political crisis showed a whiff of a positive development yesterday. Whilst the turmoil in Italy will likely remain a key driver for Euro crosses, there are signs to suggest its downside has, or is already becoming overextended.   Looking at […]

BTCUSD Medium-term Trend: Bullish   Resistance: $7,800, $7,700, $7,600 Support: $7,200, $7,300, $7,400 On 24 May, the Bitcoin price broke the support level at $7,500 after several days of fluctuating below and above that level. The asset fell to $7,127 and resumed a range-bound movement. The range-bound movement resulted in a bullish breakout above $7,500. […]

ETHUSD Daily Trend – Bullish Distribution territories: $570.00, $580.00, $590.00. Accumulation territories: $550.00, $540.00, $530.00. Ethereum had been significantly suffering from the strength of the US dollar. ETHUSD yesterday declined sharply in value up to the point of touching the accumulation territory of $500.00. The buyers managed to stage a good come-back into the market […]