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Tuesday’s rejection of the highs was countered by the Bullish Outside Day created by price action. These conflicting signals were reflected in an unclear outlook for Wednesday and the resulting...
Bullish signals for GBP/CHF in each of the last 2 days have been confirmed, investors buying the cross for a gain of 1 ¾ Big Figs and to a new 23 month high on Wednesday at 1.5405. While the...
With downside momentum for GBP/CHFstalling near 1.5225, a 62% pullback to the last 3 week gains, as well as from close to a weekly bull trend, Tuesday’s forecast was bullish. This was confirmed...
There has been a net movement of 16-tics in Bund futures over the last 5 trading days. This lack of follow through in either direction cannot provide strong signals for sentiment.However, although the...
For a 2nd trading day in succession, there was little net movement in EUR/USD yesterday. Higher levels again failed at an important Marabuzo line, but there was no significant subsequent downside....
While last week’s strong FTSE 100 sell-off is negative for sentiment, the pullback is signalled as being corrective and it has stalled from close to a 50% pullback to this year’s entire...
At 5 ¾ year highs pullbacks in GBP/JPY have to be expected and following a new top in July at 175.38, investors have taken profits and sold the cross to post a loss of 2 ½ Big Figs since...
Reflecting the underlying strength of sterling, CABLE was bought at higher levels for a 6th week in a row. However although prices remain close to the top of a positive Keltner channel, the last 5...
Bearish signals for GBP/CHF in each of the last 3 days have been confirmed, investors selling the cross on Thursday to post a 4th lower daily low in a row and a loss of almost ½ Big Fig on the...
Bearish signals for GBP/CHF in each of the last 2 days have been confirmed, investors selling the cross on Wednesday to post a 3rd lower daily low in a row and a loss of 35 pips on the day.Although...
EUR/GBP was bought to higher levels for a 3rd day in a row yesterday. This took prices near to the key 13 day moving average without leading to a serious test of that point. More importantly the...
The background remains dominated by 5 weeks of demand and although the last 5 trading days have seen cable consolidate net profit taking has been limited.Prices approached the trend defining 13 day...
Yesterday’s forecast to sell FTSE 100 on the rally or through Thursday’s low trade was confirmed, the market posting a 2nd strong down-day in a row and a loss of 120 Pts, the 2nd worst 2...
Despite the most negative performance for 9 days, the consolidation in CABLE near the top of the Keltner channel and 4 ½ year highs, continued. The market sold at lower levels but the lows of...
At 22 month highs and with weekly sentiment overstretched, this week’s signals for GBP/CHF are just cautiously bullish, allowing room to buy into any weakness. Monday’s trading did in fact...
Bullish daily Hammers at June’s low and a 50% pullback to the Apr-May FTSE 100 gains, has left signals in each of the last 4 days as bullish and these have been confirmed with gains of 127 Pts...
A sequence of 2 up weeks for the euro ended last week despite initial upside reaching the most positive levels for 6 weeks. This was achieved at the beginning of the week but prices were unable to be...