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...
AUDNZD – Testing Key Average

AUDNZD – Testing Key Average

A positive move through the 21 week moving average in AUDNZD in February confirmed a similar move in RSI the previous week. The year’s peak was reached during March and the market has slipped back since – crucially to that moving average which, despite spikes below,...
$ INDEX and Rising US Rates

$ INDEX and Rising US Rates

Historically, anticipation of rising US rates has supported the US$. However, in a classic case of rumour over fact, once those rate rises have been implemented the US$ usually reverses. This year’s signals on the $Index have been bearish and are supporting this view. Sellers have...
USDZAR – Sentiment remains Bullish

USDZAR – Sentiment remains Bullish

At the beginning of April spot USDZAR prices traded positively through the 21 week moving average. This move confirmed a similar bullish crossover in our RSI indicators. The market was unable to extend that improvement as, after gains of 46 big figures, sentiment was overbought. However,...