Commentary

Last week's CHFJPY decline took the market through the spot moving average and the RSI average. Although early follow through lows this week have not been maintained, our technical signals indicate scope for the downside to expand in the coming weeks.The equivalent Bullish signals were posted in April. Here the RSI golden cross confirmed marginally later... read more

This week has seen some significant buying of EURCAD at the 21 week moving average line. It was a positive break of that point in both spot and RSI that generated an outright bullish bias. That Trend Table bias has remained intact since.Gains of almost 9 big figures were posted up to May's EURCAD high (near... read more

Commodities in 2017 - Cheap against Equities?a guest article byJEFF DESJARDINSJeff Desjardins is a founder and editor of Visual Capitalist, a media website that creates and curates visual content on investing and business.WEBSITEIf you’re looking for action, the commodities sector has traditionally been a good place to find it.With wild price swings, massive up-cycles, exciting resource... read more

USDZAR has been dominated by a broad downtrend since January 2016. At the extreme, the currency pair fell by more than 30%. But does last week's strong gains signal a lasting change in investor sentiment?This downtrend has been defined by the 21 week moving average although temporary bounces above that point for USDZAR in November, April... read more

Last week's strong improvement of 10 big figures, using the 21 week moving average as a platform, has renewed the positive bias in EURTRY that dominated the 2nd half of 2016.For the past 2 months EURTRY has traded around the 13/21 week moving average area but, despite a negative RSI crossover, has not effectively breached it... read more