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.
Our signals for sentiment in AUDNZD have been negative since last April when the spot prices traded through the 21 week moving average and RSI traded beneath it's own average line.Prices traded almost 6 big figures lower after that break until finding some profit taking support near 1.0300 and a 76% correction to the April -... read more
Everyone who watches a chart will have their own definition of overbought/oversold. There's nothing wrong with that as long as consistency and a certain amount of pragmatism is used when applying.I've lost track of the times I've been asked, as prices plunge, when is the time to buy - and vice versa. My answer is always... read more
..2 negative weekly performances in succession followed the volatile and negative aftermath of the Brexit vote. The uncertainty that surrounded all markets, but especially UK markets, was dissipated to some degree last week as traders calmed and a new authoritative Prime Minister (coupled with BOE comments) took some of the immediate pressure off.From a technical point of view... read more
Our Trend Table longer term view on EURCAD turned to Bearish at the end of February. Spot prices moved below the 21 week moving average confirming a similar break in the RSI indicator the preceding week.EURCAD fell by almost 4 big figures to April's 1.4182 low, near the bottom of a negative Keltner channel.Price action since... read more
3cAnalysis Performance figures for May 2016 Below is a summary of the success of our daily calls throughout May 2016. These are broken down into an overview of percentage of directional success.. ... read more
