The FX Specialist view – A Jun/Jul recovery in NZD/USD seemed to lessen the threat from medium term bears, but recently resistance from the 76.4% retracement level effectively repelled the gains, and the first sign of...
Read MoreWe wrote in early August (Update 6th August) of the pressures on oil – when the market was testing the resistance at the bottom of the Bear Rising Wedge in the weekly chart. Even then we anticipated the Flag noting the...
Read MoreThe Commodity Specialist view – Following the decisive May downmove a consolidation pattern has been unfolding, with expectations of an eventual further bear leg maintained throughout. Is the market now ready to oblige?...
Read MoreThe FX Specialist view – After EUR/JPY found interesting support from a long term 76.4% level earlier in 2010, initial bull signs appeared. The current s/term slip back might unnerve the early bulls but it is worth them...
Read MoreThe Commodity Specialist view – Price action in Wheat was relatively subdued earlier this year, main interest being long term chart support that had continued to hold. Initial bull signals in July were quickly followed by...
Read MoreThe Yen looks to be a strong currency in a world where old certainties are being questioned. Economic power is inexorably ebbing east. We expect to see the Yen rally further against the Euro, as traders and investors...
Read MoreThe Commodity Specialist view – After a fresh bull surge in EUA Carbon Emissions in Mar/Apr the subsequent pullback has so far displayed a typical 3-leg structure, with good support recently found from a 76.4% retracement....
Read MoreThe FX Specialist view – After an initial recovery attempt in Apr/May, USD/CAD has become consolidative – still with the prospect of forming a base, but still without the necessary bull signals to tilt the scales...
Read MoreThe Technical Trader’s view: MONTHLY CHART The very long term support around the $40 level provided the bounce from the lows in early 2009. WEEKLY CHART That bounce can be seen as a Bear Rising Wedge that completed in May...
Read MoreThe Technical Trader’s view: MONTHLY CHART The market has bounced from the repeated lows at the 105 level, and completed a Bull Falling Wedge which looks set to challenge the old highs at 124.95. WEEKLY CONTINUAITON CHART...
Read More
