Foreign Exchange

EUR/USD has essentially traded within a 500-pip range since July, with false promises of a break either side. But, if we take a closer look at what price is telling us, there’s an argument for a downside break. We can see on the daily chart that momentum leading into the range was bearish and the 50-day average […]

Hawkish FOMC minutes, a stronger greenback and higher inventories were enough to push WTI crude back below $70 yesterday. Momentum suggests the move isn’t over just yet. By yesterday’s close WTI had suffered its largest slip in 9-weeks. Still, its potential for losses had not gone without warning. Citing a key level for bulls to defend, we […]

The British pound finds itself on the back foot following a breakdown in Brexit talks over the weekend. Having gapped broadly lower, GBP/JPY shorts could be tempting given the risk-off environment that’s currently favouring the yen. Having spent four weeks confined to a 280-pip range, we were originally looking for this to break higher in […]

It’s safe to say it’s been a volatile week for markets and a bad one for stocks. But, with the rout showing early signs of abating, we’d like to finish the week focussing on a market which went up this week. At the beginning of the month we highlighted Gold’s potential to break higher. Noting the […]

Market turmoil from the US session turned into a global affair as Asian markets dropped and volatility spiked. And, for those who like such conditions, the ‘fun’ likely isn’t over yet. Technically, we were out by a day, but we did note a pivotal day on the S&P500 earlier this week. By yesterday’s close the S&P500 has […]

Following a strong bullish reversal from September’s low, exhaustion candles warn of a correction. So, we’re looking for prices to stabilise above key support before it embarks on its run for the 2018 high. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

We’re intrigued as to which way the S&P500 trades today, given the importance of support it is sitting on. Starting on the daily chart we can see that the double top pattern hit target and prices have since stabilised above September’s low (2864.12). Despite its bout of weakness since 2940.91, bulls will no doubt be focusing on […]

Whilst WTI undergoes a steady retracement from its four-year high, we’re paying close attention to its depth as a $1 drop could confirm a bearish reversal. Starting on the daily chart we can see that the trend structure remains firmly bullish overall and price action has provided a shallow retracement from 76.88. Since our video last week, RSI […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market was bearish last week, and the bearishness has become pronounced since September 26, 2018. Since the mentioned period, price has lost about 300 pips (or more or less). The market would remain bearish as long as USD is strong, and the support […]

The once unstoppable S&P500 finds itself on shaky ground ahead of today’s NFP report, where a firm NFP print could give it another boot ahead of the weekend. A host of strong data and hawkish comments from the FED finally took its toll as stock markets remembered that hikes can impact growth, earnings and therefor, […]