Commentary

.....USDTRY fell 27 big figures from this year's top with the steady decline highlighted by a corresponding negative trend in RSI.In fact a move in RSI below it's moving average line warned of a change in investor sentiment well before confirmation the spot price. This bearish divergence was confirmed by January's peak being lower than last... read more

....The background to medium term analysis to CABLE has to be the bullish inverse Head & Shoulders pattern that the chart below shows.This year's trading has been dominated by downside attempts in January, March and April that formed the three bases that create the Head & Shoulders formation. This pattern very often confirms a strong change... read more

...A bearish Shooting Star pattern dominates EURUSDTuesday saw the gains from last week's low extend aggressively and prices reached the most positive levels for 9 months.But these extremes, and overbought extremes, were sharply rejected despite the prior hugging of the top of the Keltner channel.That upside rejection created a Bearish Shooting Star pattern on daily EURUSD... read more

The 10 Major Behavioural Traits of Successful Tradersa guest article by Steven GoldsteinThe questions I probably get asked more than any other are: What makes a good trader? Answering this in detail is not easy, however in this article I explain what I think are the 10 major behavioural traits of successful traders.All traders start out... read more

Trend in CADJPY is increasingly positive.A move below the 21 week moving average in July last year confirmed the negative signal given by RSI the preceding week.CADJPY then fell by 18 big figures to January's low with profit taking rallies stemmed by the mid point of a declining Keltner channel and the average.2015 closed with prices... read more