Canadian dollar testing support again at $0.7400

Major trend is down with plenty of headwinds

Canadian dollar chart showing the near-term downtrend and the support test at 74

Canadian Dollar 7-Month Daily Chart

Reference the last chart analysis for the Canadian dollar when it had a little tailwind.

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Is the S&P 500 Index overvalued based on historical metrics?

chart showing the S&P 500 Index as the numerator and the U.S. GDP as the denominator.

The Barron’s article.

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Bank of America (BAC) testing major support at $22

Major uptrend and intermediate uptrend for Bank of America. The near-term downtrend is testing the $22 support level. This could be an entry point.

Bank of America 3-Year Weekly Candlestick Chart at major support around $22.

Bank of America 3-Year Weekly Candlestick Chart

Click here for a live version of the weekly candlestick chart for Bank of America.

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

German DAX struggling at all-time closing high of 12,374

Major uptrend and intermediate uptrend for the German Dax

German Dax 6-Year bar chart showing the all-time high of 12,374 reached in April, 2015.

German DAX 6-Year Bar Chart

http://www.tradingeconomics.com/germany/stock-market

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Morgan Stanley (MS) chart analysis

Morgan Stanley is near the major support level of 40 just before the first quarter release

Morgan Stanley (MU) three-year chart based on the Elder Impulse System and showing the major support level around 40.

Morgan Stanley 3-Year Chart

Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. Reference Wikipedia

April 19, 2017: Morgan Stanley’s quarterly profit surges on trading gains

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Major uptrend for Intertape Polymer (ITP.TO)

Major uptrend continues for Intertape Polymer

Intertape Polymer Group (ITP.TO) 3-Year Weekly Chart

Reference the financials for Intertape Polymer.

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

10-Year US Treasury Yield closes below major support of 2.30%

10-Year US Treasury Yield daily candlestick chart showing the break blow support of 2.30%.

Chart showing the 10-Year US Treasury Yield on a 9-month daily candlestick chart

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca