Posts tagged 'Momentum'

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

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

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

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

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

Update 7th FebruaryThe line mentioned in this report held the USDTRY downside and so the underlying tone remained bullish into this week. The Moving Average has, naturally, moved higher and so the same situation applies as we approach this weekend with the key level, on a closing basis, now at 3.7695.A 3rd up week in a... read more

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