Commentary
3c Analysis Commentary Page - Adding Value
On these pages we will expand upon some of our forecasts, talk about other moving markets from a technical analysis perspective, explain technical analysis tools from a practical perspective and include guest commentary from a variety of roles across the financial markets.
A positive cross in AUDNZD RSI, through it's average rate, was seen at the end of January. This was confirmed by a 'golden' cross in the spot rate in early February. This confirmed a bullish bias on our Trend Table.Prices rose almost 3 1/2 big figures after that - taking AUDNZD to 11 month highs, to... read more
Update - Monday 27th MarchAs mentioned last week the key level for this currency pair is/was the 21 week moving average and last week's demand has taken GBPCAD above that point. This confirms the positive cross already made in the RSI indicator with targets as below. I wrote last month about how there were warning signs for... read more
Are we headed for a bond market bloodbath? - a guest articleby Simon Jack BBC Business editorThe greatest bull market in history is over. Last week's rise in US interest rates confirms the reversal of a 30-year trend, and that spells big trouble according to some Cassandras.There have been bumps in the road along the way but the market... read more
Last week's CADJPY decline continued a gradual series of lower weekly highs and the drift back from December's peak. The negative cross of the 21 week moving average confirmed the earlier break of the RSI indicator through its average.As you can see from the chart these indicators captured the bear trend that dominated the 3rd quarter... read more
Crude Oil - Trend Bearish, but Pullback should be TemporaryA break, at the beginning of 2017, above the neckline to a broad bullish weekly Head & Shoulders pattern which was formed with a "Head" at last year's 14 year Oil low at 26.14 has proved a false one.Last week's decline took the market back under that neckline... read more
