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.
Against a background of positive signals for sentiment for Gilts this week, yesterday initially saw last week's strong gains extend. But this upside, reaching to within 5 tics of our 117.16 weekly target, stalled and gave back the gains into the close.A lack of net movement does reflect a degree of investor indecision but it is... read more
The market failed to maintain Wednesday’s upside momentum yesterday. Instead some consolidation was seen was overbought extremes unwound at 6 year highs. But the setback was, as expected, minor and USDCAD soon found fresh buyers – posting a 2nd up day in a row. The limited nature of corrective moves highlights that the underlying tone remains... read more
Last week's stalling at the 100 day moving average is proving the key element to trading. That failure to break higher has now translated into significant selling pressure that has taken EURGBP back below the key 13 day moving average. The scope of the move – almost 1 big figure – means sentiment is overstretched but... read more
This year so far has been dominated by a steady rise in EURTRY. This has reached more than 52 big figures from low to high. But we now believe that this trend of higher lows and higher highs is under threat and that EURTRY is approaching Crunch Time. This is because the latest decline from June's... read more
Friday’s gains were capped by the key 13 day moving average and that led to yesterday's decline from that point. The days lows were achieved in Asia and a later fall also failed, at slightly higher levels. But a net decline was still the result of the day’s price action and with the medium term trend... read more
