Faraday Research

Here’s a quick follow-up on our previous analysis of GBP/CAD after a second bearish pattern has formed below key resistance. On the 13th September we outlined GBP/CAD’s potential for a large drop, based upon an established bearish channel and 10-week declines within it. The bearish channel not only remains intact but has also been reinforced by another dark cloud […]

USDJPY is consolidating near the August highs ahead of tomorrow’s BOJ meeting. And with the rolling correlation between Nikkei and USDJPY rising, we’ve taken note of Nikkei’s bullish breakout today. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Since our prior analysis the index has broken to new highs. Given its tidy retracement towards key support, those new highs may just be short lived. Just coming off from its highs, the trend remains undeniably bullish. Whilst the recent burst higher became a little overextended above its Keltner band, a retracement has since respected key support around 1267.23-1272.87. […]

At the back end of last year, we wrote an Insight entitled ‘Binary Brexit stuns Sterling’ and how choppy sterling ‘has become on an intra-day basis’. Not much has changed it seems… Fast forward to yesterday afternoon when sterling was looking decidedly gloomy. Cable had traded below 1.28 and reality was starting to bite as Parliament was gathering after […]

Since our previous USD/CHF post, the pair broke to new lows in a seemingly direct route. We raised the potential for a 300-point drop and our bearish view remains whilst we trade beneath the 0.9788-0.9808 resistance zone. If successful, it could reach for the 0.9526/34 lows, although a correction needs to play out first. Stalling above 0.9650, the rebound […]

A bullish hammer on the weekly chart, its failure to test its lower channel and an increase of bullish momentum suggests USD/CAD could be on the verge of breaking its corrective channel. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

As the final week of the month draws to a close, Aussie bulls are clearly licking their wounds. The Australian dollar has been the worst-performing over the month, week, and day so far as the currency faces a “perfect storm” of bearish developments: Industrial metals have come under selling pressure as the latest headlines suggest […]

Previously we’d flagged AUD/JPY’s potential for a 300-point drop after it broke out of a 5-month range. Although we’ve yet to see the downside persist, recent price action puts this potential back in the spotlight. We find it no coincidence price is currently residing around 80.50, as today’s close will be the difference between a breakout or a […]

The breakout to an 11-month high has been seen with increasingly bullish momentum, which paves the way for further gains. That doesn’t mean it won’t mean revert first though. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Since the 0.9983 high, USD/CHF has printed its worst 10-day run since February. And with extreme positioning of the US dollar and Swiss franc, we think it has the potential to extend losses. We can see on the daily chart that USD/CHF has been confined to a 280-pip range since May, with a recent turn […]