Currency

Jamie Dutta takes a look at sterling, the stellar performer of the week due to the breakthrough in the Brexit ‘divorce’ bill and cable’s subsequent breakout. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

The USD/JPY pair is bearish. Price went downwards by 100 pips last week, closing on a bearish note. There is a Bearish Confirmation Pattern in the market, and it is possible that the demand level at 111.00 would be tested again. However, a rally is expected before the end of this week. EUR/USD: This currency […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went upwards last week, after moving sideways on Monday and Tuesday. Price gained 210 pips, closing above the support line at 1.1900 and targeting the resistance line at 1.1950. Then another resistance level at 2.0000 (a psychological line) would be reached and […]

The USD/JPY became clearly bearish last week, with further bearish movement on Friday. This has resulted in a Bearish Confirmation Pattern in the market, and the demand level at 111.50 could be tested. However, there would be a rally before the end of this week, which may threaten the bearish bias. EUR/USD: This pair went […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish A bullish signal was generated on this pair last week, as the market gained 200 pips, to test the resistance line at 1.1850. After that, price began to experience some bearish correction, which made it close below the resistance line at 1.1800 on Friday. […]

Last week saw the FTSE 100 emphatically reject trend highs and go on to fall over 200 points. FTSE 100 Futures Crucially, having recognised that a 7,550 – 7,600 resistance zone was in play, our warning signs were triggered when the index broke lower from two days of coiling below 7,550. See here for a video going into […]

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Jamie Dutta discusses EUR/USD after its explosive move higher over the past few sessions. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

What’s been happening? The pound was able to climb steadily throughout the day yesterday, with markets sensing that perhaps the sell-off following last week’s Bank of England (BoE) news had been overdone. Sterling weakened to such a point that it became an attractive opportunity again, which saw markets piling back into the pound despite worrying […]

Last week the EUR/JPY rallied in the context of a downtrend, moving from the demand zone at 131.50 to test the supply zone at 133.00 and then coming downwards on Friday. Price closed at 132.40 (below the supply zone at 132.50). Owing to a bearish outlook on EUR pairs this week, the market is supposed […]