Posts tagged 'Candle'
![CADJPY – Sentiment turns Positive](http://commentary.3canalysis.com/wp-content/themes/3CAcommentary/images/thumb.jpg)
A Bearish Head & Shoulders pattern was completed in February with CADJPY targeting 82.00. That target was exceeded by almost 1 1/2 big figures but that negative tone has clearly ended. CADJPY reached a 16 month low in March with, since that time, buying interest dominating the cross since. But until last week, a change to a... read more
![AUDNZD – Supported by Ichimoku Cloud](http://commentary.3canalysis.com/wp-content/uploads/2017/03/AUDNZD_2903-300x161.gif)
A positive cross in AUDNZD RSI, through it's average rate, was seen at the end of January. This was confirmed by a 'golden' cross in the spot rate in early February. This confirmed a bullish bias on our Trend Table.Prices rose almost 3 1/2 big figures after that - taking AUDNZD to 11 month highs, to... read more
![Crude Oil – Shooting Star at Neckline](http://commentary.3canalysis.com/wp-content/uploads/2016/12/Oil_1-300x115.gif)
CRUDE OIL Update – Daily Shooting Star at 2nd test of neckline.In August our longer-term signals turned bullish in Oil when prices were trading just above $40. The initial target was at $51.34 and a potential target from a reverse Head & Shoulders formation is at $75.00. While this did raise some eyebrows our 1st target... read more
![Is FTSE telling us that Oil has bottomed? – Update](http://commentary.3canalysis.com/wp-content/uploads/2016/08/OIL2-300x118.jpg)
Update 20th OctoberCRUDE OIL - testing key necklineOn the 12th August our long-term analysis to buy Oil (43.49) was partly based on a similar pattern in FTSE. The market is now testing the key neckline and while we expect bullish sentiment in Oil to continue, there could be a pullback. For this reason we would take... read more
![CABLE – Head & Shoulders targets 1.5100](http://commentary.3canalysis.com/wp-content/uploads/2016/05/CABLE_SHS.gif)
....The background to medium term analysis to CABLE has to be the bullish inverse Head & Shoulders pattern that the chart below shows.This year's trading has been dominated by downside attempts in January, March and April that formed the three bases that create the Head & Shoulders formation. This pattern very often confirms a strong change... read more
![EURUSD – Shooting Star dominates](http://commentary.3canalysis.com/wp-content/uploads/2016/05/EURUSD_05051-300x187.gif)
...A bearish Shooting Star pattern dominates EURUSDTuesday saw the gains from last week's low extend aggressively and prices reached the most positive levels for 9 months.But these extremes, and overbought extremes, were sharply rejected despite the prior hugging of the top of the Keltner channel.That upside rejection created a Bearish Shooting Star pattern on daily EURUSD... read more
![EURUSD – Bullish Rising Three dominates](http://commentary.3canalysis.com/wp-content/uploads/2016/03/EURUSD_W2_2103-300x126.gif)
EURUSD - Bullish Rising Three dominatesThis week's report on EURUSD is a bullish one. This is due, in part, to;3 Up weeks in succession5 Week HighsTracking the upper band of a positive Keltner channelSupport of the 13 day moving average.But the other key feature to note is the Bullish Rising Three pattern that was completed by... read more
![T-Notes – Rising Three points higher](http://commentary.3canalysis.com/wp-content/uploads/2016/01/NOTES_W1_1101-300x126.gif)
... In T-Notes and T.Bond futures this year began with a renewal of demand. Demand that we expect to lead significantly higher.The move higher last week, almost 2 points in T-Notes and 3 1/2 points in Bonds, ended a sequence of 3 down weeks. Soem allowance has to be made to the fact that those weeks... read more
![GOLD – Double Bottom Low at Key 50%](http://commentary.3canalysis.com/wp-content/uploads/2016/01/0107GOLDWK1.gif)
Longer-term signals for GOLD on our trend table had been bearish for some time, but a small monthly Doji candle in December at 6 year lows has also come from close to 1087.5, a key 50% pullback to the entire 2001-2011 bull market, switching signals going into January to neutral. However, this month’s strong open has... read more
![Shooting Stars – rare but useful](http://commentary.3canalysis.com/wp-content/uploads/2016/01/EURUSD_0505_3-300x183.gif)
The Shooting Star created at the beginning of May 2016 has been proved although the scope of the downside remains, at the time of writing, modest. see EURUSD - Shooting Star dominatesBut are Shooting Stars a good indication of a change in formation? Well, the bad news is that they are a rare pattern on FX charts.... read more