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.
Update 7th FebruaryThe line mentioned in this report held the USDTRY downside and so the underlying tone remained bullish into this week. The Moving Average has, naturally, moved higher and so the same situation applies as we approach this weekend with the key level, on a closing basis, now at 3.7695.A 3rd up week in a... read more
CADJPY Update 12th FebruaryLast week's strong decline has confirmed the bearish view written here on January 22nd. In fact, the move has confirmed the formation of a Bearish Head & Shoulders pattern with a break of the neckline. Although immediate targets are 85.47 and 83.79, the negative Head & Shoulders formation has a projected target for... read more
Our medium term outlook for GBPCAD has been bullish since the middle of September when the spot and RSI both traded above their relevant Moving Averages.The resulting upside in GBPCAD of 8 big figures was capped by the top of the weekly Ichimoku Cloud pattern, where profit taking developed. Peaking in December, the bulk of the holiday... read more
We have been negative towards the Kiwi in our Trend Table for some months. Has anything changed? No is the short answer although AUDNZD bears closer attention. I'll look below at the current situation for the NZD against USD, NZD and the Euro.in NZDUSD the negative break was later than elsewhere, occurring in August with the... read more
Your Own Worst Enemy. - Why it is so hard to develop a real ‘Behavioural Edge’ in Trading.a guest article by Steven GoldsteinThe Dunning-Kruger effect is a behavioural bias which refers to people’s belief that they are more capable than they really are. This is a cruel trick played on traders by themselves which keeps most... read more
