May 052016
 
Major trend is down which does not bode well for the miners
Copper weekly chart showing the close below the 200-day moving average.

Copper 3-Year Weekly Candlestick Chart

Reference a recent post on copper.

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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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May 042016
 
Will now test support at 13,500 close to the 50-day moving average
TSX Index 3-Year Weekly Chart showing the support level of 13,500.

TSX Index 3-Year Weekly Chart

13,500 was resistance on the way up, so it is now support on the way down. The reversal of roles is an important concept in technical analysis.

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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 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 292016
 
Copper 3-year chart showing resistance $2.30.

Copper 3-Year Weekly Chart

The price of copper underpins the recent rally in mining stocks. Copper is also a proxy for the overall view on the the direction of the world economy: particularly the view on China. Copper has an inverse relationship with the U.S. dollar but in the end it is the perceived supply and demand balance that determines the price for copper.

Reference a previous post from March 31, 2016.

Reference post from March 20, 2016: Daily chart for copper showing the doji on Friday and the lateral trading zone.

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Copper long-term chart showing the major downtrend
Copper long-term weekly chart showing the major downtrend.

Copper Long-Term Weekly 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 292016
 
Gold spot price 3-year weekly chart
Gold Spot Price 3-Year Weekly Chart showing the intermediate and near-term uptrend.

Gold Spot Price 3-Year Weekly Chart

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Gold long-term weekly chart 2004-2016
Gold Spot Price Long-Term Weekly Chart showing the major downtrend.

Gold Spot Price Long-Term Weekly 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.

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Apr 292016
 
Intermediate and near-term uptrend for the Japanese yen
Yen 3-year chart showing the intermediate and near-term uptrend.

Japanese Yen 3-Year Candlestick Chart

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Long-term chart for the yen gives the wide angle view
Yen long-term chart showing the major downtrend.

Japanese Yen Chart for 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 262016
 
Intermediate and near-term downtrend for Apple
Apple 3-year weekly chart showing the major support zone. The support zone will be tested after the earnings miss.

Apple 3-Year Weekly Candlestick Chart

The Company also announced that its Board of Directors has authorized an increase of $50 billion to the Company’s program to return capital to shareholders. Under the expanded program, Apple plans to spend a cumulative total of $250 billion of cash by the end of March 2018.

http://www.apple.com/pr/library/2016/04/26Apple-Reports-Second-Quarter-Results.html

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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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