CADJPY – Negative break of averages

CADJPY – Negative break of averages

The last 3 months has seen CADJPY fluctuating around the 21 week moving average and around the mid-point of the weekly Keltner channel. The market failed to extend the November negative break of the moving averages for spot CADJPY and RSI but, equally, the bounce above...
Weekly Game Plan 22 Jan 18

Weekly Game Plan 22 Jan 18

This week, we might see some volatility straight from the open. A partial US government shutdown was triggered at midnight on Friday as the Senate failed to pass the funding bill. The dysfunctional nature of DC politics could negatively impact markets in the short-term.  In Europe,...
GBPCAD – Bought at key average

GBPCAD – Bought at key average

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...