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.
Longer-term signals for GOLD on our trend table had been bearish for some time, but a small monthly Doji candle in December at 6 year lows has also come from close to 1087.5, a key 50% pullback to the entire 2001-2011 bull market, switching signals going into January to neutral. However, this month’s strong open has... read more
...Our signals for sentiment in CADJPY have been bearish for the last 6 months.This followed a break below the 21 week displaced moving average and move to the lower end of a declining Keltner channel. That was th case through the first 3 months of this trend and although the latter part of last year saw... read more
...Our bearish forecast for Q4, following a strong decline in the preceding 3 months, was justified. Sellers continued to dominate, although with reduced momentum, after a limited profit taking bounce in October and our first downside target was met. Although Dec’s lows were not held and 5th down month from the last 6 and negative technical... read more
The Shooting Star created at the beginning of May 2016 has been proved although the scope of the downside remains, at the time of writing, modest. see EURUSD - Shooting Star dominatesBut are Shooting Stars a good indication of a change in formation? Well, the bad news is that they are a rare pattern on FX charts.... read more
Further Gains Expected this week. Last Monday saw gains continue the strong demand seen over the preceding 3 weeks. But that day’s upside of almost 1 ¾ big figuress was not maintained and the subsequent 4 days all produced net losses to leaves EURGBP virtually unchanged into the week’s close. Despite the uncertainty that result suggests the limited... read more
