CADJPY – Trend turns Positive

CADJPY – Trend turns Positive

Last week’s tentative close in CADJPY above the 21 week moving average has been extended in early trading this week. The move above the average confirmed an earlier positive crossover in our RSI indicator. This follows negative signals provided in March that saw CADJPY decline by...
NZDUSD – Positive Break Above Averages

NZDUSD – Positive Break Above Averages

Last week saw a strong move higher in NZDUSD that confirmed a break of key moving averages in both spot NZDUSD and the RSI indicator. This change to a bullish tone comes after February’s negative move yielded only limited downside. Importantly that decline stalled at a...
EURTRY – Average Platforms Gains

EURTRY – Average Platforms Gains

Our assessment of the trend for EURTRY has been bullish since July 2016 after the spot crossover of the 21 week moving average (a golden cross) confirmed a marginally earlier cross in our RSI indicator. Throughout the latter part of 2016 and the beginning of this...