Foreign Exchange

EUR/USD is rallying to a 3-week high after the June NFP report – will bulls look to target 1.1850 resistance 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: Bearish The market is bearish in the long-term, and bullish in the short-term. Last week, after testing the support line at 1.1600, price went upwards by 150 pips, to test the resistance line at 1.1750. Price can still go further upwards towards the resistance lines […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold moved sideways in the beginning of June 2018, until June 14. Since then, price has come down by roughly 6000 pips. July has been bullish so far (in the short-term), but the upwards bounce in the market has paled into insignificance when compared to the overall bearish bias on […]

After a minor retracement, bears did get the last laugh as they pushed gold through another level of support to a fresh year to date low. Yet after stalling above a key structural level, it could be time for the bulls to have their say. Large speculators remain net long but, as this has been the case since […]

USD/CHF has formed a bullish continuation pattern ahead of jobs data and ‘tariffs day’. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

A stream of weak data, brewing trade wars and a growth warning from RBNZ has resulted in NZD being the weakest major over the past three months, allowing AUD to regain some ground and send AUD/NZD back to May’s high. We warned upside pressures were building on AUD/NZD back in May as it approached a key bearish […]

We’re keeping a close eye on the 1.1500-1.1700 area as a clear break of either level could mark the beginning of its next directional move. 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: Bearish The market is bearish, but price was not able to go downwards seriously last week. Thus the market is bearish in the long-term, but neutral in the short-term. A strong opposition was particularly met at the support line at 1.1550, after which price bounced […]

NZDUSD Order: Buy Entry date: June 29, 2018 Entry price: 0.6777 Stop loss: 0.6573 Take profit: None Exit date: July 30, 2018 Status: Open NZDJPY Order: Buy Entry date: June 29, 2018 Entry price: 75.02 Stop loss: 72.98 Take profit: None Exit date: July 30, 2018 Status: Open NZDCHF Order: Buy Entry date: June 29, […]

The USD has seen several markets test and break key levels, with its next intended victim being AUDUSD and a break of its long-term Fibonacci level. We can see on the weekly chart that momentum clearly favours the bears and that, since breaking the Jan 2016 trendline, bearish momentum has accelerated towards current levels. But to underscore […]