Foreign Exchange

After a minor retracement, bears did get the last laugh as they pushed gold through another level of support to a fresh year to date low. Yet after stalling above a key structural level, it could be time for the bulls to have their say. Large speculators remain net long but, as this has been the case since […]

USD/CHF has formed a bullish continuation pattern ahead of jobs data and ‘tariffs day’. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

A stream of weak data, brewing trade wars and a growth warning from RBNZ has resulted in NZD being the weakest major over the past three months, allowing AUD to regain some ground and send AUD/NZD back to May’s high. We warned upside pressures were building on AUD/NZD back in May as it approached a key bearish […]

We’re keeping a close eye on the 1.1500-1.1700 area as a clear break of either level could mark the beginning of its next directional move. 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 The market is bearish, but price was not able to go downwards seriously last week. Thus the market is bearish in the long-term, but neutral in the short-term. A strong opposition was particularly met at the support line at 1.1550, after which price bounced […]

NZDUSD Order: Buy Entry date: June 29, 2018 Entry price: 0.6777 Stop loss: 0.6573 Take profit: None Exit date: July 30, 2018 Status: Open NZDJPY Order: Buy Entry date: June 29, 2018 Entry price: 75.02 Stop loss: 72.98 Take profit: None Exit date: July 30, 2018 Status: Open NZDCHF Order: Buy Entry date: June 29, […]

The USD has seen several markets test and break key levels, with its next intended victim being AUDUSD and a break of its long-term Fibonacci level. We can see on the weekly chart that momentum clearly favours the bears and that, since breaking the Jan 2016 trendline, bearish momentum has accelerated towards current levels. But to underscore […]

What is a Forex Trading Strategy? A forex trading strategy is actually a technique or a method utilized by a forex trader which helps the trader to take a decision whether to buy or sell a pair of currency at a given moment of time. These strategies are constructed upon deep technical analysis, chart investigations […]

With a succession of lower swing highs on the weekly chart and a return of bearish momentum on the daily, NZDJPY could be building up for another break lower. 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 The market swung upwards and downwards last week, without a directional movement. Nevertheless, the major bias remains bearish, and the outlook on EUR pairs is mostly bearish for this week. It is possible that price will test the support lines at 1.1600, 1.1550 (which […]