CADJPY – Sentiment now Negative

CADJPY – Sentiment now Negative

Last week’s CADJPY decline continued a gradual series of lower weekly highs and the drift back from December’s peak. The negative cross of the 21 week moving average confirmed the earlier break of the RSI indicator through its average. As you can see from the chart...
EURCAD – Sentiment turns Positive

EURCAD – Sentiment turns Positive

A sharp decline in EURCAD in mid-November ended a period of volatile but trendless trading around the 13 and 21 week moving averages. That fresh negative bias for the cross yielded more than 5 big figures to this year’s low. But the EURCAD decline was not...