Foreign Exchange

Daily analysis of USD/CHF for March 5, 2018 USD/CHF This currency trading instrument is bearish in the long-term, neutral in the short-term, and it is quite choppy at the present. The bearishness in the market has been in place since early November 2017; plus last week was rough. Price rose from the support level at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish, and the bearishness has been in place since February 16. Last week, price moved briefly below the support line at 1.2200, and then rallied in the context of a downtrend. Unless the rally enables price to overcome the resistance lines […]

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Daily analysis of USD/CHF for February 26, 2018 USD/CHF This pair is something that is often affected by whatever happens to the EUR/USD (in a negatively correlated manner). It tested the resistance level at 0.9400 on Thursday, and then retraced a bit. The resistance level at 0.9400 could be tested again, and even another resistance […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the short-term. Since testing the resistance line at 1.2550 on February 16, price has gone south by more than 250 pips (now barely below the resistance line at 1.2300). This week, the outlook on EUR pairs is bullish. While […]

HSBA stock (LSE:HSBC) is not currently looking sexy because the market is rough. Although the market was bearish last month, the month of February 2018 has been rough so far. The ADX period 14 is at the level 30 (high momentum), while the-DM is above the +DM (sell signal). However, the MACD default parameters, has […]

The USD/CHF consolidated on Monday, and then began to come down on Tuesday. Price has dropped 600 pips since January 10, and the support level at 0.9200 was tested before the current upwards bounce came into being. As long as the EUR/USD is being corrected lower, the USD/CHF would continue going upwards, leading to a […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Last week, this pair rose from the support line at 1.2250 and tested the resistance line at 1.2550 (a movement of 300 pips). After the resistance line at 1.2550 had been tested, price got corrected by 140 pips, closing below the resistance line at […]

The EUR/USD had a strong bearish movement last week, which resulted in a bearish bias. Price dropped 240 pips, to close below the resistance line at 1.2250 on Friday. The outlook on EUR pairs is bearish for the week, and thus the bearishness in the market would continue, as price aims for the resistance lines […]

1.2300 could prove to be a pivotal level for EUR/USD. Whilst it may continue to cap as resistance and mark the resumption of the intraday bearish trend, it could also confirm a double bottom reversal and break of trendline if bulls get their way. Faraday Research offers real time FX and Equity trade signals from […]