Currency

USD/CAD uptrend has paused at key structural levels. With ongoing trade issues, the FOMC and key Canadian data looming large, we take a technical look at this major. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Friday’s break above 1.80 takes GBP/AUD to its’ highest level since the days following Brexit. With UK CPI and BoE’s meeting making up just some of the data flow specific to GBP/AUD, the potential for volatility to remain could be high. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The market is generally, neutral. It initially made bullish effort last week, reaching the resistance line at 1.2400, and then retraced towards the south. Price is now below the resistance line at 1.2300, going towards the support lines at 1.2250 and 1.2200. Any rallies […]

It’s been another turbulent week in the FX space with potential trade wars, moves in the Canadian dollar and Japanese yen accounting towards the bulk of the hype. This is all well and good if you were able to trade such moves but, if not, we’d propose looking at currencies which suggest range expansion is just around the […]

From late 2016 to early 2018, AUD/JPY remained confined within a bullish channel, yet clues slowly emerged to suggest all was not well. As seen on the weekly chart, its’ trajectory was relatively shallow when compared with the decline from the 2014 highs. In addition, two bearish divergences were seen between Dec ’16 and Sep ’17 which preceded […]

Wise-cracking Phil Hammond delivered his Spring Statement with a more optimistic outlook on the economy noting that there is “a light at the end of the tunnel” for the UK’s finances, though Brexit remains a big uncertainty on the horizon. His upgraded forecasts were delivered as advertised though we do note that the severe downgrades […]

With the rate at which Canadian Dollars have been thrown overboard recently, you’d be forgiven for thinking they were on fire.  The threat of a NAFTA fallout and Trump’s latest round of tariffs have been more than enough to keep the Loonie under pressure, despite Canada having been given a ‘temporary’ exemption from the steel […]

Following its best week in 9 months amid improved risk sentiment, we explore the potential for further gains on AUD/CHF. 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 March 12, 2018 USD/CHF There was a commendable bullish effort in this market. The USD/CHF is bullish in the near-term. However, it is neutral in the medium-term and bearish in the long-term. Now, in the short-term, price moved sideways from Monday to Wednesday and then rose on Thursday, becoming bullish. […]

  Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The market did not do anything significant last week. In fact, the market has generally been choppy since February 2018. There is a support line at 1.2150 and a resistance line at 1.2450. As long as price moves within the aforementioned support and […]