Monthly Archives: April 2016

U.S.Dollar Index at major support zone of 93

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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.

© 2016 TradeOnline.ca

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Copper near-term uptrend meeting resistance at $2.30

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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.

© 2016 TradeOnline.ca

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Intermediate uptrend for gold with resistance at $1,300

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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.

© 2016 TradeOnline.ca

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Pop goes the Japanese yen: It will go higher

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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.

© 2016 TradeOnline.ca

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West Texas Intermediate closes above resistance of $45

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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.

______________________________

“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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Apple (AAPL) support zone will be tested after revenue miss

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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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TSX: Percent of stocks above 200-day moving average

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From 13% to 69% for this breadth indicator in 2016
Percent of TSX (Canadian) stocks above the 200-day moving average.

TSX 2-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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WTI will test major resistance of $45 with $50 in the cards

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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.

______________________________

“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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