GBPCAD – Warning Signs For Bears

GBPCAD – Warning Signs For Bears

A negative trend has dominated GBPCAD for more than a year. A bearish move below the 21 week moving average in January 2016 confirmed an earlier breach of the RSI moving average and that tone has been threatened occasionally, by moves back to the moving average,...
AUDNZD Sentiment turns Positive

AUDNZD Sentiment turns Positive

A sharp setback in AUDNZD from the 21 week moving average 3 weeks ago appeared to confirm a negative bias- a tone that has been the prime element for the cross since last May. But although demand from higher lows initially stalled at the average last...
Weekly Game Plan 13 Feb 17

Weekly Game Plan 13 Feb 17

Going into this week, markets will need to digest the apparently benign outcome of the Trump/Abe meeting and, more importantly, FED President Fischer’s “Significant Uncertainty” statement. USD: Fed Chair Yellen delivers her semi-annual monetary policy testimony to Congress before the Senate Banking Panel (Tue) and the...