Foreign Exchange

Until now, spot forex trading takes place in a definite amount known as “lots.” This means the number of currency units a trader will sell or buy. 100,000 units of currency are the standard size for a lot. Today, we have a nano, macro, and mini lot sizes ranging in 100,  1000, and 10,000 units respectively. […]

The FTSE’s rebound has lagged its European and US counterparts, so with a reversal pattern forming below a resistance cluster, it could be a good contender to short if sentiment sours once again. We can see on the weekly chart that the FTSE is within a strong downtrend, although it’s produced a counter-trend rally over […]

AUD/JPY has paused beneath a resistance zone which includes a 61.8% Fibonacci reversal. If bearish momentum is to return it could confirm a head and shoulders top on the intraday timeframe and signal further losses. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Despite the turmoil of UK politics and never-ending cycle of Brexit headlines, price action suggests GBP/USD could continue to strengthen. Starting with the weekly chart, we note a bullish pinbar candle failed to close beneath 1.2589 low provide a bear-trap at the multi-month lows. As the pinbar coincides with a bullish RSI divergence it warns of a bullish […]

With gold coiling at its highs amid an accelerating trend, we’re looking for a break of 1300. We can see on the daily chart that the structure is firmly bullish and its trend is accelerating to show an increase of underlying momentum. Moreover, prices are coiling below 1300 to suggests a burst of volatility could be near. […]

After rebounding from a multi-month trendline with its third reversal pattern, we suspect the low is in. We’re now awaiting a break above a tight zone of resistance to signal its next leg higher. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Although EUR/USD finally broke out of its range, 1.15 remains a core focus as we head towards the weekend as a close either side of it today will dictate sentiment next week. Dovish FOMC minutes and a ‘patient’ stance from Fed members helped EUR/USD break out and remain above 1.15. We can see on the […]

This week we’ve seen both CAD/JPY and USD/JPY stall at resistance clusters so, with S&P500 also stopping at a pivotal level, it suggests risk sentiment may have approached an inflection point. We can see on the daily chart that the S&P500 has rallied no less than 10% in just nine trading sessions since the 2346.58 low. Whilst bears may be […]

With compression underway beneath a cluster of resistance, we’re anticipating another burst of momentum for USD/JPY to begin its next directional move. We’d warned that volatility was brewing within a larger formation and the explosive moves seen since have certainly have not disappointed. Just heading into the new year we noted an eerily similar pattern […]

Your success as a forex trader will require you to apply techniques that most traders do not. Using a few forex trading secrets will take you far. Over 90% of forex traders make losses and walk away disappointed. Only about 10% make a profit, with some traders bagging incredible sums. It’s hard to ignore the […]