Foreign Exchange

After over two weeks consolidating in a tight 150-pip range, GBP/USD may be poised for a breakout amidst next week’s data avalanche… 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 1.1750. The market went essentially sideways on Thursday and Friday, and may go below the support line at 1.1750, to target another support line at 1.1700. About 250 pips have been lost this […]

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 […]

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 […]

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 […]