Foreign Exchange

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 […]

Last week’s bearish engulfing candle below a pivotal area suggests a swing high may have been seen, with the longer-term trend pointing towards a break of the 2018 low. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Daily analysis of USD/CHF for May 28, 2018 USD/CHF This USD/CHF is bullish in the long-term, and bearish in the short-term. Last week, price turned southwards, testing the level at 0.9900 several times and eventually closing below it on Friday. One reason why the market became bearish in the short-term is the strength in CHF. […]

ETHUSD Medium-term Trend: Bullish Resistance: $435, $430, $425 Support: $405, $410, $415 The ETHUSD pair had a bearish outlook yesterday. The MACD line and the signal line were below the zero line. From the price action, Ethereum had a bearish view but it commenced a range bound movement. Today, price of Ethereum is in a […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish There is a very strong Bearish Confirmation Pattern on EURUSD. Price went southwards by 100 pips last week (it has gone south by almost 750 pips since April 19). The line at 1.1650 has been tested and breached to the downside, slightly. This week, […]

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.