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.
This morning's call for EURUSD was a bullish one;The sequence of 3 down days ended yesterday despite Tuesday’s break below the 13/100 day moving averages. Demand was renewed above 1.1000 for a 2nd day in succession and the resulting upside was and aggressive one – demand accelerating in the latter part of the day. More than... read more
The market was unable to build upon Monday’s demand. Instead selling interest returned to Gilts Tuesday and a 4th down day from the last 5 resulted with prices retesting the 13 day moving average.The failure to break that point introduces a strong note of caution into analysis. But price action formed a Bearish Engulfing pattern on... read more
Against a background of bearish signals for sentiment for this week, yesterday saw EURGBP sold to lower levels for a 3rd day in a row. But the lows, beneath the key 13 day moving average were not held and the renewal of investor demand left prices virtually unchanged into the close. That normally signals investor uncertainty... read more
AUDNZD has risen by over 12 big figures since April's low and we look for that underlying positive tone to continue in the coming weeks.Our Trend Table has been bullish from soon after that time - May when the break of the trend defining moving average confirmed the positive trigger given two weeks earlier in RSI... read more
Key Average CapsWith two S&P bounces in July stalling from close to the 50 & 100 day average rates, last week’s signals switched back to bearish. These were confirmed as investors sold the market for a strong 36 Pt loss. This has extended a sequence of lower weekly highs which is negative, though the pullback is... read more
