16 Apr 2018 @ 10:49
In a previous post, we highlighted the tendency for USD/CAD to trade lower throughout April using a 10 year seasonal chart. Just over half way through the month and already 2.2% lower, it appears on track to maintain this pattern. Also helping its cause is the fact that, as of last Tuesday at least, markets were net […]
16 Apr 2018 @ 04:07
ETHUSD Long-term Trend – Bearish Distribution territories: $600.00, $700.00, $800.00. Accumulation territories: $400.00, $300.00, $200.00. Unlike last week, ETH/USD value this week maintained its increase on Wednesday and consolidated it on Thursday the 12th. Quite a significantly lower high has been witnessed, and the bearish outlook has yet not been convincingly outdone as far […]
14 Apr 2018 @ 14:41
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral Irrespective of the bullish attempt that was witnessed last week, the outlook on EURUSD remains neutral. The neutrality has been ongoing for over 2 months, and the bullish attempt that happened last week pales into insignificance when compared to the overall outlook on the […]
13 Apr 2018 @ 09:20
For the best part of seven months, EUR/GBP was confined to sideways range between 0.8689 to 0.9033. But as yesterday’s bearish range expansion takes the cross to an 11-month low, it strongly suggests its ready to trade in a new range. Although we’d seen a spike beneath 0.8689 support in March, yesterday’s decisive close is […]
12 Apr 2018 @ 09:17
The break above 1.1831 takes EUR/CHF to it’s highest level since January 2015 – the infamous month SNB pulled the plug on their currency peg with the Euro. And with little in the way of obvious resistance, we’re seeking opportunities to go long towards 1.20. The daily chart shows that short-term momentum is aligned with the longer-term […]
12 Apr 2018 @ 02:03
ETHUSD Medium-term Trend: Bullish Resistance: $435, $430, $425 Support: $405, $410, $415 The ETHUSD pair had a bearish outlook yesterday. The MACD line and the signal line were below the zero line. From the price action, Ethereum had a bearish view but it commenced a range bound movement. Today, price of Ethereum is in a […]
11 Apr 2018 @ 12:13
Recent trade war tensions seem to have abated as President Xi’s grown-up stance on global trade has soothed volatile stock markets. FX markets are not so sanguine on USD though, as geopolitics and US domestic politics continue to hurt the dollar, amongst its wider long-term issues. EUR/USD We highlighted the contracting ranges on the weekly and […]
11 Apr 2018 @ 09:05
Following a weekly morning star reversal pattern above a 38.2% retracement level, we have EUR/JPY on our radars for a bullish breakout on the daily chart. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.
10 Apr 2018 @ 16:27
BTCUSD Medium-term Trend: Ranging Resistance: $7,100, $7,000, $6,900 Support: $6,500, $6,600, $6,700 Yesterday, April 9, the price of Bitcoin was in a bullish trend. Bitcoin traded up to $7,200 before the bears took control of the market and brought price to its low at $6,786.67. Price has resumed its range bound movement because neither the […]
09 Apr 2018 @ 15:17
ETHUSD Long-term Trend – Bearish Distribution territories: $500.00, $600.00, $700.00. Accumulation territories: $300.00, $200.00, $100.00. This week ETHUSD pair continues to trend southward almost the same bearish outlook as last week’s formation. On April 3rd, the price managed to form a lower high above distribution territory of $400.00, April 4th marked another noticeable bearish movement...
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