Faraday Research

A quick update on AUD following the strong employment data seen earlier today. Last week we highlighted the potential for AUD to carve out a new low, although part of the process involved establishing a new range before breaking higher. Having since respected key support and bounced, recent price action appears promising in our view. We can see […]

Bears appear unconcerned with the prospects of a Santa’s rally this year, who instead appear set to drive it to the October lows. Since the all-time high in May, the FTSE has shed over -11% by yesterdays close (or by -13.6% at the October low). Whilst we’ve seen a recovery from 6851.59, the trend structure remains […]

USD/CAD has broken out of its 4-month bearish channel this week, potentially opening the door for further strength in the coming week. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

We’ve seen NZD go from strength to strength since breaking its channel, so we’re intrigued to see if AUD/USD can now play catch-up. Sentiment-wise, there’s an argument for AUD to carve out a low. Using the weekly COTS report, combined net positioning for AUD, CAD and NZD shows traders remain near a record level of short exposure […]

Since its sell-off from multi-year highs, WTI is within its most bearish 5-week run since January 2016. And whilst momentum favours a test of $60, the risk of a retracement from current levels appears high. Starting with the daily chart, we note that momentum is clearly bearish and minor retracements since the 76.88 high denote […]

Since it broke its bearish channel last week, bullish momentum has continued to pick up against RBNZ’s wishes. And, with RBNZ and FOMC meetings just around the corner, it remains a pair to keep an eye on. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us […]

Although the midterms elections haven’t always been viewed as a major event for markets, there is an argument to be made that this one could spark more volatility than usual. If the polls are to be believed, the Democrats are likely to take the house. If they’re to surpass expectations and take the senate as […]

See the key levels we’ll be watching on EUR/USD in the coming week! Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Around current levels, DXY is on track to close the week with a bearish reversal at the highs. Its failure to hold above 96.98 resistance has the hallmarks of a bull-trap. Yet what makes it more intriguing is that it almost mirrors the hammer seen in August which marked a 3.6% decline spanning 6 weeks. Throw in […]

It goes without saying that NZD/USD has been under heavy selling pressure overall this year. Yet, one by one clues are surfacing that this trend is under threat. The bearish channel from the June high has been breached today and, if weak USD sentiment continues through the European and US sessions, it’s on track to warn […]