Apr 302016
 
Intermediate trend is sideways and near-term trend is down
U.S. Dollar Index 2-year char showing major support at 93

U.S. Dollar Index 2-Year Chart

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If the U.S. Dollar Index cannot hold 93, next stop is 88
U.S. Dollar Index Long-Term Chart 2004-2016 showing major support at 88

U.S. Dollar Index Long-Term Chart 2004-2016

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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Apr 282016
 
Next target for WTI is $50 and $60 is the Goldilocks number
WTI 3-year chart showing the break above resistance of $45.

WTI 3-Year Chart

Reference the last chart analysis for West Texas Intermediate.

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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Apr 242016
 
So far, April was a good month for the oil bulls
  1. WTI was able to hold major support at $35
  2. Breakout above the 40-week (200-day) moving average
  3. Breakout above resistance of $40
  4. $40  is now the current  support zone
  5. $45 is the current resistance zone
  6. $50 is the intermediate target and major resistance zone
WTI will test resistance around $45

WTI 2-Year Weekly Candlestick Chart

Reference my April 12, 2016 post for WTI.

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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Apr 172016
 

Dow Jones Industrial Average three-year weekly chart showing the intermediate uptrend. Resistance is at the November, 2015 high around 18,000. A break above 18,000 would indicate a test of the 2015 all-time high of 18,351. MACD, RSI and OBV are confirming the intermediate and near-term uptrend.

Dow Jones Industrial Average three year weekly chart showing the intermediate uptrend. Resistance is at the November, 2015 high around 18,000. A break above 18,000 would indicate a test of the 2015 all-time high of 18,351.

Dow Jones Industrial Average 3-Year Weekly Chart

Reference my last chart analysis for DJIA.

https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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Apr 142016
 

I published this daily candlestick chart for IBB to highlight a couple of principles in technical analysis. First, the reversal of roles is an important concept in technical analysis. The $270 resistance point is now support. Second, a retest of the breakout point is common before the stock resumes the near-term uptrend. But, these are guidelines. Everything in technical analysis is about probabilities. A break below support of $270 would change the whole technical picture.

IBB Daily Candlestick Chart  showing the retest at the $270 support zone.

IBB Daily Candlestick Chart

Reference my chart for the breakout of IBB.

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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Apr 122016
 
Near-term uptrend for the Canadian dollar and above 200-day sma
Tenative breakout for the Canadian dollar at 78.

Canadian Dollar 3-Year Weekly Chart

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Support for the U.S. Dollar Index is 94
Near-term downtrend for the U.S. dollar with support around 94.

U.S. Dollar 3-Year Weekly Chart

https://en.wikipedia.org/wiki/U.S._Dollar_Index

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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 Posted by at 10:23 pm
Apr 122016
 
Near-term uptrend: WTI above 200-day sma for the first time since 2014
West Texas Intermediate trading above the 200-day simple moving average for the first time since 2014.

WTI 3-Year Chart

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

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Apr 112016
 
A view of the Dow Jones Industrial Average from 1987 to 2016
Long-term chart for the Dow Jones Industrial Average for the period 1987 to 2016.

DJIA Logarithmic Bar Chart (1987-2016)

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A view of the Dow Jones Industrial Average from 2013 to 2016
Dow Jones Industrial Average three year chart show the resistance and support zones.

DJIA 3-Year Candlestick Chart

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A view of the Dow Jones Industrial Average compared to the TSX Index
Comparison of the TSX and the Dow from 2004 to 2016

Comparison of the TSX and the Dow from 2004 to 2016

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

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