Category Archives: Other Topics

Coffee 3-Year weekly chart

Intermediate uptrend for coffee. Monitor for a breakout.
Intermediate uptrend for coffee.  Monitor for a breakout.

Coffee 3-Year Weekly Chart

Reference the last chart analysis for coffee.

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“Keep it Simple”

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.

Canadian dollar chart analysis

Major trend, intermediate trend and near-term trend are down
Major trend is down for the Canadian dollar. Intermediate trend is down for the Canadian dollar. And the near-term trend is down for the Canadian dollar.

Canadian Dollar 2-Year Chart

Reference the last chart analysis for the Canadian dollar posted on December 8, 2013 when it was testing support of $0.9400. This level is now major resistance and the downtrend continues for the dollar. The current support level is now around $0.8900 and there is a high probability this level could be broken. On the long-term chart (not shown) there are support levels at $0.8600 and $0.8400. Yes, there is a high probability we could see the Canadian dollar test the $0.8400 level before the end of the year.

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“Keep it Simple”

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.

© 2014 TradeOnline.ca

Technical analysis of copper

Confirming uncertainty in emerging markets
Copper chart showing the near-term downtrend and tradng below the 200 day moving average.

Copper 1-Year Chart courtesy of StockCharts.com

Reference the last chart analysis for copper published on January 3, 2014.

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“The stock market is never obvious. It is designed to fool most of the people, most of the time.” – Jesse Livermore

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.

© 2014 TradeOnline.ca

Copper chart showing the consolidation zone

Major resistance for copper is $3.40
Copper chart showing major resistance of $3.40

Copper 1-Year Chart

The chart for copper shows ambivalence as represented by the consolidation zone. Copper is a good proxy for the world economy: in particular China. One can extrapolate the chart activity for copper to the indecision about the growth prospects (GDP) for China.

Do you think copper can break $3.40?

Reference the last chart analysis for copper based on the daily chart.

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“It is not when you buy that counts, it is when you sell”

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.

© 2014 TradeOnline.ca

Copper 1-year daily bar chart

Copper near-term uptrend and resistance zone
Copper chart showing the near-term uptrend and the resistance zone.

Copper 1-Year Daily Bar Chart courtesy of StockCharts.com

The major trend is down, the intermediate trend is sideways and the near-term trend is up. I am focusing on the near-term trend (last three weeks) in this analysis. The near-term trend is up and the resistance zone is identified on the above chart. A break above the resistance zone would indicate a target of $3.80. The price of copper is a good proxy for the growth in the world economy:in particular for China. A breakout above the resistance zone would bode well for the TSX Index which has a relatively large weighting in base metal stocks. A failure for copper to breakout above the resistance zone would indicate that the TSX Index will not breakout above the 13,500 resistance level.

Reference the last chart analysis for copper based on the weekly chart.

Reference the last chart analysis for the TSX Index.

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“It is not when you buy that counts, it is when you sell”

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.

© 2013 TradeOnline.ca

Coffee spot price weekly chart

A major downtrend for coffee would be an understatement
Major downtrend for the price of coffee over the last three years.

Coffee 3 Year Weekly Chart

The 200-day simple moving average is a good approximation of the major downtrend for coffee. Reference my recent chart analysis for copper for another commodity that has seen better times.

The relatively low spot price for coffee is definitely not reflected in the price of your daily caffeine fix at Tim Hortons.

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Brazil Drought Jolts Coffee ETNs — February 3, 2014

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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.

© 2013 TradeOnline.ca

Canadian dollar candlestick chart

Maybe a bottom for the Canadian dollar at $0.9400
Three year weekly chart for the Canadian dollar showing major support at $0.9400.

Canadian dollar weekly chart courtesy of StockCharts.com

The major trend is down, the intermediate trend is down and the near-term trend is down for the Canadian dollar. It is trading below the 200-day and 50-day simple moving averages. But in all this negativity, there is a glimmer of hope—depends on your perspective—that the bottom is $0.9400. This was a support point back in October, 2011 and the hammer is an indication of a bottom. But never trade the bottom: you know the adage about never trying to catch a falling knife.

Reference the last analysis for the TSX Index and take a look at the performance of the materials sector. Then take a look at the chart for copper. The Canadian dollar can never escape the fact that it is a commodity currency.

Canada has some nice pizza restaurants and great ski hills: it is not all about copper and oil.

Reference relevant articles picked from the Web:

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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.

© 2013 TradeOnline.ca