Foreign Exchange

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 […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair started rising on August 15, and it gained more than 400 pips since then. However, there was a bearish retracement that took place last Thursday and Friday, which was not significant enough to override the recent bullish bias in the market (unless […]

Do you want to be a successful trader? Then you need to unlock your potential and develop the right habits and routines. Experience shows that people want to keep doing what they are doing, while expecting different results. In trading, that means they carry on trading in a certain way even when it brings poor […]

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 […]

USD/JPY saw a bullish reversal this week to break out of its falling wedge pattern – bulls may now look to target 1.1200 or 1.1300 next Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair gained a minimum of 200 pips last week, thus forming a bullish signal in the short-term. Further bullish movement is supposed to bring about a strong Bullish Confirmation Pattern, even in the long-term, as more gains are made in the market. Price […]

Price action on USD/JPY has been choppy of late, although yesterday’s break higher could pave the way for further gains. Hawkish FOMC minutes and trade tensions helped break the recent bout of USD weakness, before NAFTA optimism and firmer employment provided it another boost yesterday. Assuming we don’t get a dovish surprise from Powell later […]