Commentary

....July & August have both seen NZDUSD peak above .7300 but our signals for sentiment indicate that the upside remains the market's focus and levels beyond this year's highs are expected in the coming weeks.RSI signals have been bullish throughout this year (positive trigger given Sept 2015) with only May's unconfirmed break threatening that stance.July's RSI... read more

A negative tone for USDZAR was established at the end of March (see Trend Table) with prices trading down through the 21 week moving average. This acted as confirmation of a bearish trigger already given by the RSI indicator crossing down through it's own average.Although spot prices bounced 5 weeks later in a profit taking move back... read more

...Our Trend Table has highlighted a positive trend in NOKSEK for some months but the topside has, until now, been capped by a 38% recovery point. This level is now being seriously tested.The low from last years decline was posted this January and the RSI indicator moving above it's moving average was the first indication that... read more

I wrote on these pages last year the usefulness of Marabuzo lines in riding a bull trend in USDTRY.That bull trend ended at the beginning of this year after the market topped in January at marginally lower levels to Sept 2015 - a negative signal that confirmed an already bearish warning seen in the RSI indicator.However, demand,... read more

3cAnalysis Performance figures for July 2016 Below is a summary of the success of our daily calls throughout July 2016. These are broken down into an overview of percentage of directional success.  The focus of the market in June was on the Brexit vote and some of the majors were sidelined by that and performance suffered slightly.... read more