Foreign Exchange

The swissie is unloved currently but USD/CHF’s steady uptrend is heading into some key technical levels ahead of US employment data. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Do you want to be a successful trader? Then you need to unlock your potential and develop the right habits and routines. Experience shows that people want to keep doing what they are doing, while expecting different results. In trading, that means they carry on trading in a certain way even when it brings poor […]

If price action yesterday is anything to go by, USD/CAD is in for a bad week. And if seasonal patterns are anything to go by, it could be in for a rough few months too. As our US Analyst Matt Weller aptly coined it, yesterday was a “King CAD” kind of day. Offering a reprieve from […]

It’s a “King CAD” kind of day in the FX market, with the loonie rallying against all of her major rivals. The proximate catalyst is (wait for it) the latest scuttlebutt about the North American Free Trade Agreement (NAFTA). The currency has been whipsawing back and forth based on the latest NAFTA headlines for months, […]

The price structure on the daily chart is firmly bullish and the trendline from the December low continues to act as support. With momentum on our side we are seeking bullish trades. Admittedly the decline from the 0.9515 is a little deeper than we’d like as a shallow retracement is generally preferred. But given we can see that two signs of compression have formed […]

After breaking the December trendline and compressing near recent lows, we explore the potential for further losses in line with a weekly bearish reversal candle. 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 April 2, 2018 USD/CHF This bias on this currency trading instrument is bullish – but it is currently not a strong bias. Since testing the support level at 0.9200 (February 16), price has managed to gain about 360 pips. Last week, it managed to stay briefly above the resistance level […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The market went upwards last week, to test resistance line at 1.2450; a level from which a bearish correction was experienced. Price came down to test the support line at 1.2300, and then closed just above it. While the current bias on the market […]

DO YOU WANT TO BE ENTERTAINED OR RICH?…IT’S YOUR CHOICE I came across this excellent chart the other day. It shows those times in history when the S&P 500 doubled over a ten year period and the trajectory that this doubling took. Please see here for a relevant chart: https://www.tradinggame.com.au/want-entertained-rich-choice/ Much commentary that followed on […]

The aussie has hit a new low for the year today as the risk-off environment pervades the market once more. With commodities struggling, led by a near 20% decline in iron ore prices this month, there has also been little support from Treasury bond yields either, which have fallen to multi-week lows. Tariff tensions are front and centre for […]