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.
A 10 year rally in GOLD throughout the 2000’s has stalled:, but with deteriorating sentiment between 2011 and 2015 attracting buyers back to the market from close to 1087.5, a key 50% correction to the gains.Last year’s bounce has also stalled, - ahead of 1421.2, a 50% recovery to the 2012-2015 losses and a quarterly Shooting... read more
Last week's EURCAD decline confirmed the negative RSI crossover of a few weeks ago but break below the 21 week moving average. That close was the first below the key line since April and provides a bearish tone for sentiment in the coming weeks.A positive trend had been indicated in March with 'golden' crosses of both... read more
Last week's NZDUSD decline was the 4th negative weekly performance from the last five. But, more importantly, the spot broke below the 21 week moving average confirming a similar RSI breach the previous week.This move has turned NZDUSD sentiment bearish for the first time since May. The positive change then was to yield almost 5 big... read more
GBPNZD is testing a key weekly level. The 21 week displaced moving average has a history being an excellent medium term trend indicator and the spot price is, currently, trading back above. This is backed up by a similar, potential, 'golden' cross in our RSI indicator.GBPNZD gained more than 21 big figures from January's low but... read more
Our Trend Table outlook for NZDUSD has been bullish since both the spot and the RSI saw 'golden' crosses through their moving averages in May. NZDUSD prices rose by almost 5 big figures after that bullish change in investor sentiment with July's high being the most positive levels traded for 26 months.Since that point, NZDUSD has attracted... read more
