Currency

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 […]

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 […]