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.
After 3 weeks of minor gains, selling pressure in NOKSEK has been renewed this week. In fact negative momentum has accelerated - taking the cross to the most bearish levels traded since August 2016.NOKSEK RSI signals have been bearish all year but the spot only confirmed this with a negative crossover of the 21 week moving average... read more
Last week's tentative close in CADJPY above the 21 week moving average has been extended in early trading this week. The move above the average confirmed an earlier positive crossover in our RSI indicator.This follows negative signals provided in March that saw CADJPY decline by almost 4 big figures. Since April's low the cross has traded... read more
Is the current bullish bias for GBPCAD to prove short-lived? This week's price action is suggesting that although a weekly close below 1.7024 is needed as confirmation.2016 was dominated by a bearish trend that took GBPCAD nearly 25% lower. A double bottom above 1.5700 (October & January) led to a profit taking correction that was strong... read more
Courtesy of: Visual Capitalist CHINA AND U.S. STILL GENERATING >50% OF REAL GDP GROWTHThe Chart of the Week is a weekly Visual Capitalist feature on Fridays.According to forecasts from earlier this year by the World Bank, the global economy is expected to average a Real GDP growth rate of 2.8% between 2017-2019.But where will this growth actually... read more
