Foreign Exchange

We argued that the 200-day average prove pivotal for gold and, whilst that hurdle is now cleared, one more stands in its way of further declines. After bobbing along the 200-day average for a short while, gold decided it was time to break out of a bear flag and clear the 1301.56-1305-87 support zone. If the bear flag projection […]

Daily analysis of USD/CHF for May 21, 2018 USD/CHF The USD/CHF is bullish in the long-term, but neutral in the short-term. Price has been consolidating in the past two weeks; whereas that is not strong enough to render the recent bullish bias useless. There is going to be a breakout at last, but the movement […]

EURAUD appears on track to confirm a 3-month reversal pattern from the highs. And with several key levels having recently broken, we now have 1.5600 in focus as a break of it could signal further downside. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

After over two weeks consolidating in a tight 150-pip range, GBP/USD may be poised for a breakout amidst next week’s data avalanche… 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 This pair trended downwards last week, testing the support line at 1.1750. The market went essentially sideways on Thursday and Friday, and may go below the support line at 1.1750, to target another support line at 1.1700. About 250 pips have been lost this […]

We previously outlined a technical argument for EUR/JPY to have already seen its high. And whilst there is still another seven and a half months to go, price action since then appears constructively bearish. For the complete picture you can read the original post here  but, in short, we noted bearish range expansion from the 137.49 high coupled with […]

More than any other asset, gold invokes strongly-defended positions among both its proponents and detractors. Whether you believe gold is “historically the only true form of hard money” or “just a yellow rock with few industrial uses,” it still pays to keep an eye on the price action and evaluate the current trend. For more […]

Despite Friday’s wobble, the trend remains predominantly bullish and it could make a run for the 2017 and 2018 highs. But currently amid its second best weekly run on record, it’s possible these milestone highs could break its streak. Since the 0.7223 low, CAD/CHF has appreciated nearly 9% in less than three months. The bullish trend […]

Daily analysis of USD/CHF for May 14, 2018 USD/CHF In the context of an uptrend the USD/CHF went sideways last week, ranging between the resistance level at 1.0000 (previously a support level) and the resistance level at 1.0050. Eventually, price closed below the resistance level at 1.0000 on Friday, and it may even test the […]

Despite shedding 2.5% since our last video, AUDNZD didn’t quite hit its target projected from a head and shoulders top. But the momentum shift from the lows and breach of October’s trendline makes bullish setups more compelling from here. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to […]