Foreign Exchange

In a previous post, we highlighted the tendency for USD/CAD to trade lower throughout April using a 10 year seasonal chart. Just over half way through the month and already 2.2% lower, it appears on track to maintain this pattern. Also helping its cause is the fact that, as of last Tuesday at least, markets were net […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral Irrespective of the bullish attempt that was witnessed last week, the outlook on EURUSD remains neutral. The neutrality has been ongoing for over 2 months, and the bullish attempt that happened last week pales into insignificance when compared to the overall outlook on the […]

For the best part of seven months, EUR/GBP was confined to sideways range between 0.8689 to 0.9033. But as yesterday’s bearish range expansion takes the cross to an 11-month low, it strongly suggests its ready to trade in a new range. Although we’d seen a spike beneath 0.8689 support in March, yesterday’s decisive close is […]

The break above 1.1831 takes EUR/CHF to it’s highest level since January 2015 – the infamous month SNB pulled the plug on their currency peg with the Euro. And with little in the way of obvious resistance, we’re seeking opportunities to go long towards 1.20. The daily chart shows that short-term momentum is aligned with the longer-term […]

Recent trade war tensions seem to have abated as President Xi’s grown-up stance on global trade has soothed volatile stock markets. FX markets are not so sanguine on USD though, as geopolitics and US domestic politics continue to hurt the dollar, amongst its wider long-term issues. EUR/USD We highlighted the contracting ranges on the weekly and […]

Following a weekly morning star reversal pattern above a 38.2% retracement level, we have EUR/JPY on our radars for a bullish breakout on the daily chart. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

ETHUSD Long-term Trend – Bearish Distribution territories: $500.00, $600.00, $700.00. Accumulation territories: $300.00, $200.00, $100.00. This week ETHUSD pair continues to trend southward almost the same bearish outlook as last week’s formation. On April 3rd, the price managed to form a lower high above distribution territory of $400.00, April 4th marked another noticeable bearish movement...

Daily analysis of USD/CHF for April 8, 2018 USD/CHF The pair remains bullish in the short-term (and its fate is largely subject to whatever happens to EURUSD). Price went upwards last week, almost reaching the resistance level at 0.9650, and then getting corrected lower. The short-term bullishness will be rendered ineffectual only when price goes […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The pair is bearish in the short-term, which is still a weak bias. Price went downwards last week, moving briefly below the support line at 1.2250, and closing above it on Friday. There are resistance lines at 1.2300, 1.2350 and 1.2400. Things will go […]

The non farm payroll by numbers. A preview for 6 April 2018 by Faraday Research. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.