CADJPY – Negative break of averages

The last 3 months has seen CADJPY fluctuating around the 21 week moving average and around the mid-point of the weekly Keltner channel. The market failed to extend the November negative break of the moving averages for spot CADJPY and RSI but, equally, the bounce above...

GBPCAD – Bought at key average

Our medium term outlook for GBPCAD has been bullish since the middle of September when the spot and RSI both traded above their relevant Moving Averages. The resulting upside in GBPCAD of 8 big figures was capped by the top of the weekly Ichimoku Cloud pattern, where...

[Recording] Trading the FOMC Rates Decision

In this webinar: We review US data and discuss the FOMC’s reaction function and dot plot; We analyze the Statement & Press Conference; We briefly discuss expectations for the ECB & BOE rates decisions. About the Author Justin is a Forex trader and Coach. He is co-owner of www.fxrenew.com, a...

NZD Weak against AUD, EUR & USD

We have been negative towards the Kiwi in our Trend Table for some months. Has anything changed? No is the short answer although AUDNZD bears closer attention. I’ll look below at the current situation for the NZD against USD, NZD and the Euro. in NZDUSD the negative break...

CADJPY – End to Bull Trend?

CADJPY RSI signals produced a negative (dead) cross 3 weeks ago. That move was not replicated by a move in spot prices, although the market did move down to test the trend defining 21-week moving average. The bounce from there has not been an extensive one...

NOKSEK – Positive break of Average

Signals for sentiment for NOKSEK have been bearish since March. Rally attempts attracted fresh selling interest at lower levels during that time. That is until the last couple of months where, despite being unable to test the key 21 week offset moving average, gradually higher lows...