Foreign Exchange

From late 2016 to early 2018, AUD/JPY remained confined within a bullish channel, yet clues slowly emerged to suggest all was not well. As seen on the weekly chart, its’ trajectory was relatively shallow when compared with the decline from the 2014 highs. In addition, two bearish divergences were seen between Dec ’16 and Sep ’17 which preceded […]

Wise-cracking Phil Hammond delivered his Spring Statement with a more optimistic outlook on the economy noting that there is “a light at the end of the tunnel” for the UK’s finances, though Brexit remains a big uncertainty on the horizon. His upgraded forecasts were delivered as advertised though we do note that the severe downgrades […]

With the rate at which Canadian Dollars have been thrown overboard recently, you’d be forgiven for thinking they were on fire.  The threat of a NAFTA fallout and Trump’s latest round of tariffs have been more than enough to keep the Loonie under pressure, despite Canada having been given a ‘temporary’ exemption from the steel […]

Following its best week in 9 months amid improved risk sentiment, we explore the potential for further gains on AUD/CHF. 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 March 12, 2018 USD/CHF There was a commendable bullish effort in this market. The USD/CHF is bullish in the near-term. However, it is neutral in the medium-term and bearish in the long-term. Now, in the short-term, price moved sideways from Monday to Wednesday and then rose on Thursday, becoming bullish. […]

  Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The market did not do anything significant last week. In fact, the market has generally been choppy since February 2018. There is a support line at 1.2150 and a resistance line at 1.2450. As long as price moves within the aforementioned support and […]

A bearish signal has been generated on Standard Chartered stock (LSE:STAN). Price was bullish from December 2017 to February 2018. However, price has dived recently… It has moved below the EMA 21, and the Williams’ % Range period 20 is now in the oversold region. This a bearish signal in the market.   The outlook […]

Since bottoming in February 2017, EURNZD has produced a bullish trend structure overall. Yet since falling 5.5% from the December high it has appeared a little hesitant to re-test it. That said, we think pressure could be building for bullish momentum to return. Firstly, EURNZD continues to respect the bullish trendline from the 1.4589 swing low. Admittedly it was […]

BOC hold their second policy meeting of the year tomorrow, after having raised for the third time this cycle in January’s meeting. Yet whilst there has been speculation they may raise again in April, concerns surrounding NAFTA and Trump’s surprise steel and aluminium tariffs could outweigh any optimism in tomorrow’s meeting. Markets are currently pricing […]

The Japanese Yen remains the strongest G10 currency this year, with Trump’s trade war and BOJ’s tightening hints only adding to Yen inflows. With AUDJPY having tested the 81.57 EU referendum high on Friday, we have a close eye on this pivotal level as a break beneath it assumes the resumption of its downtrend. Faraday […]