Foreign Exchange

The threat of inflation and Fed hikes has pushed US yields higher and, for now at least, we’ve seen the return of the positive correlation with the US dollar. In doing so USDCHF has broken out from between a rock and a hard place, EURUSD and AUDUSD broke their long-term bullish trendlines and, not wanting to miss out NZDUSD threw itself from the top of […]

Plummeting by just under 4% in under seven sessions (as of yesterdays close), the Kiwi dollar is falling like the flightless bird it is named after. It’s the renewed confidence in the Fed’s trajectory which knocked NZD cleanly from its perch. Or to be more precise, the 0.7176-0.7435 range it had spent the best part […]

Don’t look now, but the US dollar seems to be officially getting its mojo back! In terms of fundamental factors supporting the greenback, the new-look Federal Reserve’s struck a more upbeat note about the economy lately, mirroring the improvement in the underlying data. Crucially, US treasury yields are also on the rise again, with the […]

With a prominent close below the 2016 trendline yesterday, we weigh up the technical picture for a potential run towards 0.7500. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Daily analysis of USD/CHF for April 23, 2018 USD/CHF This pair has been going upwards. The Bullish Confirmation Pattern in this market was partly brought about by the anticipated stamina in Greenback. Since testing the support level at 0.9200 on February 16, price has gained 550 pips (gaining 220 pips in this month alone), closing […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The bias is neutral in the long-term term, and bearish in the short-term. Price went southwards last week, losing up to 130 pips, after testing the resistance line at 1.2400. The support line at 1.2250 was almost tested, but price closed close to the […]

EUR/CHF sheepishly ‘broke’ above 1.20 today for the first time since Jan 2015. A level which likely still haunts many trading floors, we ponder whether it will prove to be a breakout, shakeout or the pre-lude for a correction. When SNB unpegged the Swiss franc, it caused outright havoc for trading floors the world over. […]

Since the February low, USD/CHF has been grinding higher in a rather unsatisfying way. Yet if we are to clear the next technical hurdle nearby, it could open-up the playing field for momentum traders to embrace. We can see on the daily chart that, whilst in a bullish trend, it has at times been a little […]

BTCUSD Medium-term Trend: Bullish   Resistance: $9,500, $9,000, $8,500 Support: $6,500, $7,000, $7,500   Yesterday, April 18, price of Bitcoin which fell was as a result of price pullback. It was at the resistance level of $8,500 that it faced opposition. We also assume that if price of Bitcoin continues with fall in price, it […]

Jamie Dutta reviews GBP/USD’s response to a key level of resistance at 1.4344 and the impact of today’s UK inflation data. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.