Currency

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a bear market. In August price dipped by over 6000 pips, reaching around the support level of 1160.00 (a support level). From there, price moved upwards by 5000 pips and then moved sideways till the end of the month. All this happened in the context of a downtrend; […]

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. […]

Ethereum Price Medium-term Trend: Bearish   Supply zones: $400, $450, $500 Demand zones: $150, $100, $50   ETH is in a bearish trend in its medium-term outlook. The strong bearish pressure broke the lower demand area of yesterday’s range at $260.00 with a large bearish engulfing candle. The cryptocurrency was further down to $225.61 in […]

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 […]

CHF/JPY may not be the immediate choice for a speculative trade but, with it displaying such a directional move, we think it’s worthy of a look. We can see on the daily chart that a bullish breakout occurred last week, taking it to a six-month high. Although there were two minor attempts to break 113.26 […]

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.

Brexit represented an astonishing event in Forex markets, perhaps the most important one over the last three decades. Traders were totally surprised to see the Sterling plunging soon after the victory of ‘Leave’ at the Brexit referendum. Very few of them knew how to react to the collapse. Now, two years later, hard times for […]

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 […]

BTCUSD Long-term Trend – Bullish   Distribution territories: $8,000, $9,000, $10,000. Accumulation territories: $6,000, $5,000, $4,000.   Bitcoin’s price has considerably increased against the US dollar this week. A few weeks ago, the cryptocurrency was moving in range-bound territories market by the distribution and accumulation territories of $7,000 and $6,000.    ...