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Posts tagged 'Trading'

DAX-FTSE spread warning to bulls
DAX-FTSE spread warning to bulls10th December 2019

Longer-term 3 month signals have been bullish throught 2019 and our strategy to stay long and buy dips has been the correct one.However, although there is no clear bearish reversal pattern on longer dated DAX-FTSE charts, signasl in the shorter-end are highlighting warnings.Initially divergence on momentum indicators, last week the US ending long trend of higher... read more

USDINR – Potential Bullish Rising Three pattern developing
USDINR – Potential Bullish Rising Three pattern developing29th October 2018

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

GBPCAD – Positive break not maintained
GBPCAD – Positive break not maintained14th October 2018

Updated 29th October.Contrary to the bullish signals generated 2 weeks ago, investor demand for GBPCAD could not be maintained. Instead selling interest was renewed  with last week's decline being the most negative GBPCAD performance since April. This is enough to reassert a Bearish bias with initial targets of 1.6574 and 1.6467.Last week saw solid gains in... read more

Kiwi weakens. Where next?
Kiwi weakens. Where next?9th August 2018

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

CADJPY – Renewed Negative Sentiment
CADJPY – Renewed Negative Sentiment25th June 2018

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

AUDNZD – Sentiment turning Bullish?
AUDNZD – Sentiment turning Bullish?11th May 2018

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

NZDUSD – Sentiment to turn Negative?
NZDUSD – Sentiment to turn Negative?26th April 2018

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

NOKSEK – Sentiment Turns Bullish, 1.0475-0510 targeted
NOKSEK – Sentiment Turns Bullish, 1.0475-0510 targeted26th February 2018

Since December NOKSEK has been attracting significant buying. But that demand stalled, continually, in the latter part of January, at the 21 week moving average.  So, despite a positive break in NOKSEK RSI, through it's own moving average, sentiment was still assessed as negative with a sequence of lower weekly highs and lows (and negative Keltner... read more

CADJPY – Bearish Head & Shoulders
CADJPY – Bearish Head & Shoulders22nd January 2018

CADJPY Update 12th FebruaryLast week's strong decline has confirmed the bearish view written here on January 22nd. In fact, the move has confirmed the formation of a Bearish Head & Shoulders pattern with a break of the neckline.  Although  immediate targets are 85.47 and 83.79, the negative Head & Shoulders formation has a projected target for... read more

GBPCAD – Bought at key average
GBPCAD – Bought at key average17th January 2018

Our medium term outlook for GBPCAD has been bullish since the middle of September when the spot and RSI both traded above their relevant Moving Averages.The resulting upside in GBPCAD of 8 big figures was capped by the top of the weekly Ichimoku Cloud pattern, where profit taking developed.  Peaking in December, the bulk of the holiday... read more