Gold – Bullish but setback potential

Gold – Bullish but setback potential

A 10 year rally in GOLD throughout the 2000’s has stalled:,  but with deteriorating sentiment between 2011 and 2015 attracting buyers back to the market from close to 1087.5, a key 50% correction to the gains. Last year’s bounce has also stalled, – ahead of 1421.2,...
EURCAD – Sentiment turns Negative

EURCAD – Sentiment turns Negative

Last week’s EURCAD decline confirmed the negative RSI crossover of a few weeks ago but break below the 21 week moving average. That close was the first below the key line since April and provides a bearish tone for sentiment in the coming weeks. A positive...
NZDUSD – Sentiment turns Negative

NZDUSD – Sentiment turns Negative

Last week’s NZDUSD decline was the 4th negative weekly performance from the last five. But, more importantly, the spot broke below the 21-week moving average confirming a similar RSI breach the previous week. This move has turned NZDUSD sentiment bearish for the first time since May....
GBPNZD – Bullish Again?

GBPNZD – Bullish Again?

GBPNZD is testing a key weekly level. The 21 week displaced moving average has a history being an excellent medium term trend indicator and the spot price is, currently, trading back above. This is backed up by a similar, potential, ‘golden’ cross in our RSI indicator....
NZDUSD Buyers to Emerge?

NZDUSD Buyers to Emerge?

Our Trend Table outlook for NZDUSD has been bullish since both the spot and the RSI saw ‘golden’ crosses through their moving averages in May. NZDUSD prices rose by almost 5 big figures after that bullish change in investor sentiment with July’s high being the most...