EURCAD – Selling Pressure Resumed

EURCAD – Selling Pressure Resumed

EURCAD has been dominated by the post election upside reversal that sent the cross back below the 21 week moving average and, just as importantly, sending the RSI indicator below it’s own moving average. That renewal of negative momentum took EURCAD to 18 month lows in...
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...