Currency

ETHUSD Medium-term Trend: Ranging Resistance: $760, $750, $740 Support: $700, $710, $720 Yesterday, May 14th the overall trend of Ethereum was bearish. The price of the asset had fallen from the highs of $830, $767 and $735 as per the bearish trend line. However, at the time of writing, the MACD line and the signal […]

Despite Friday’s wobble, the trend remains predominantly bullish and it could make a run for the 2017 and 2018 highs. But currently amid its second best weekly run on record, it’s possible these milestone highs could break its streak. Since the 0.7223 low, CAD/CHF has appreciated nearly 9% in less than three months. The bullish trend […]

Daily analysis of USD/CHF for May 14, 2018 USD/CHF In the context of an uptrend the USD/CHF went sideways last week, ranging between the resistance level at 1.0000 (previously a support level) and the resistance level at 1.0050. Eventually, price closed below the resistance level at 1.0000 on Friday, and it may even test the […]

BTCUSD Long-term Trend – Bearish   Distribution territories: $11,000.00, $12,000.00, $13,000.00. Accumulation territories: $7,000.00, $6,000.00, $5,000.00. Bitcoin has been consecutively witnessing bearish movements against the US dollar since the beginning of this week. Between May 5 and 6, the bulls were close to the distribution territory of $10,000.00 but were being slightly weakened...

Despite shedding 2.5% since our last video, AUDNZD didn’t quite hit its target projected from a head and shoulders top. But the momentum shift from the lows and breach of October’s trendline makes bullish setups more compelling from here. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to […]

After shedding nearly 400 pips over the last month, there are tentative signs that AUD/USD may be forming a bottom here… 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 1.1850. Several attempts to breach the support line to the downside were not successful, and as such price bounced upwards by 100 pips from the line. The upwards bounce is seen as an […]

EUR/CAD is the latest cross to hesitate at a technical juncture, where it’s to choose between maintaining a bearish channel or respect its 200-day average. For the past few weeks EUR/CAD has provided an almost perfect divergent theme. Eurozone data has continued to underperform and push back expectations of ECB tightening, whilst markets have rekindled […]

Takeaways – BOE Inflation Report and Monetary Policy Meeting, 10 May 2018. Pound sterling is in freefall after the BOE struck a more dovish tone in its statement – see our main takeaways from the event! Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Markets were prepared for RBNZ to hold, but the volatile and decisively bearish reaction for NZD suggests traders weren’t positioned for the dovish undertone. We’ll take look at key takeaways, reaction and levels. Key takeaways: GDP and inflation forecasts were lowered RBNZ expect to keep rates at 1.75% for a “considerable time” The next move […]