10 Must Have Technical Analysis Books

My Favourite Books on Technical Analysis. When I first got into Technical Analysis the only real way to learn was by reading books by those technicians that had started the ball rolling in modern times, and by playing with simple indicators on graph paper. The arrival...

USDTRY – Positive Sentiment Triggered

Last week’s strong move higher in USDTRY was the 3rd up week in a row – extending the rally from September’s low for 2017. Our medium term signals had been bearish since April with the market falling by 16 big figures at the low. But the...

GBPCAD – Sentiment turns sharply positive

This is because this improvement took GBPCAD above the 21 week moving average for the first time in 3 months. Importantly that break confirmed a similar ‘golden’ cross of our RSI indicator through it’s own moving average the preceding week. Back in June negative (dead) crosses...

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

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

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....