Posts tagged 'FX'

This article is about Keltner channels and how, using them as trend indicators, they can aid trading on almost any time scale.Firstly we’ll cover the theory then practice  of how I use them in analysis across the asset classes with some recent examples to see how they work.Keltner channels can be invaluable as a tool for... read more

For the first time since last August, our trend following signals for AUDNZD have turned bullish.Last year's peak in August was signals by a Bearish Dark Cloud cover pattern on weekly candle charts. That bearish pattern was followed, 2 weeks later with a negative 'dead' cross of the 21 week moving average and a matching cross... read more

Last week saw investor demand for EURCHF continue the rise from last year's low point. But the key element was that buying interest accelerated - creating a 4th up week in a row  and, more importantly, breaking above the 21 week moving average.That positive break confirms the 'golden' cross already provided in the EURCHF RSI signals... read more

Last week's investor demand yielded a 4th positive weekly performance from the last 5. Importantly, the move took NZDUSD to the most positive levels traded for 14 weeks, breaking above the trend defining 21 week moving average.This confirms a similar bullish cross in the NZDUSD RSI indicator that occurred 3 weeks previously.A change to a bullish... read more

In the middle of February, buying if USDINR created a positive crossover of the 21 week mvg avg. This move confirmed a marginally earlier ‘golden’ cross in our RSI signals.Overall that bullish signal has been intact since with USDINR climbing by 9.50 or 14.75%, despite some profit taking during May and July- August. But you can... read more

Overnight news from the RBNZ has hit the Kiwi. Actually it has only emphasised a weakness that was already there as we can see with a look at 2 of the currency pairs in our Trend Table.Our medium term bias for NZDUSD has been negative since April when a 'dead' cross in the spot  through the 21... read more

Our report of 22nd January highlighted a Bearish Head & Shoulders pattern that targeted 82.00. That point was reached during March and extended by almost 1 1/2 big figures before profit taking developed.That rebound regained virtually exactly half of the decline from January's high but also created what is now confirmed as a false positive break... read more

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

Our medium term Trend Table turned bearish for AUDNZD in the second week of this year.  But are we now seeing a reversal of that trend?Prices fell by almost 5 big figures after a negative cross by spot AUDNZD  through the 21 week moving average confirmed a similar, earlier breach of the corresponding RSI average. But... read more

The bullish trend in NZDUSD, that began at the start of this year, is under threat. This week's strong decline has replicated last week's reversal in sentiment from lower levels.After the positive trigger of spot NZDUSD moving above the 21 week moving average (confirming a similar positive cross in RSI) prices moved nearly 3 1/2 big... read more