Foreign Exchange

What is a Forex Trading Strategy? A forex trading strategy is actually a technique or a method utilized by a forex trader which helps the trader to take a decision whether to buy or sell a pair of currency at a given moment of time. These strategies are constructed upon deep technical analysis, chart investigations […]

With a succession of lower swing highs on the weekly chart and a return of bearish momentum on the daily, NZDJPY could be building up for another break lower. 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 swung upwards and downwards last week, without a directional movement. Nevertheless, the major bias remains bearish, and the outlook on EUR pairs is mostly bearish for this week. It is possible that price will test the support lines at 1.1600, 1.1550 (which […]

In response to our prior Gold analysis, the shiny yellow metal’s trendline folded and a decisive break of $1300 ensued. But since finding support around $1260, can the bears take it to fresh lows? The daily chart clearly shows the magnitude of the bearish break out from compression which had, up until that point, provided a […]

Today’s hawkish Bank of England Minutes and Statement means an August hike is now likely as the MPC looks through the data ‘soft’ patch. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

We can see on the weekly chart that price action has been confined to a choppy range between the 80.50 to 84.50 area since March. The range itself may underwhelm at first glance, but clues are building up for a break lower. Since the 90.31 high we’ve seen two lower highs and lows. A 50% Fibonacci retracement […]

Following a firm rejection of a resistance cluster, we’re circling EURCHF for a potential short. We can see on the daily chart that the resistance zone previously highlighted has performed its job well. Not only did the bearish hammer mark the swing high, but was also the prelude to two bearish range expansion days surrounding ECB’s meeting, […]

With a series of lower swing highs within a bearish channel on the daily chart, a break of August’s low could pave the way for a 300 pip move lower. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

USD/CAD has rocketed to a fresh year-to-date high following Thursday’s hawkish FOMC meeting as trade talks continue 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 began the current strong bearish movement in April. This month (especially from early June), price consolidated till June 14, before the large pullback we are currently witnessing. The large pullback has put more emphasis on the dominant bearish bias; thus price is […]