Category Archives: TSX Index

Canadian oil stocks move above the 200-day moving average

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Major downtrend with near-term uptrend with resistance at $12
Canadian oil stocks as represented by the XEG ETF move above the 200-day moving average E

XEG 3-Year 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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Tentative breakout for Canadian dollar at 78 U.S. cents

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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.

© 2016 TradeOnline.ca

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Dow Jones Industrial Average at a juncture

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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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TSX Index chart analysis

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TSX Index near-term uptrend meeting resistance at 13,500 near the 200-day simple moving average

TSX Index near-term uptrend meeting resistance at 13,500 near the 200-day simple moving average.

TSX Index 3-Year Weekly Candlestick Chart

Reference the last chart analysis for the TSX 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.

© 2016 TradeOnline.ca

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Long-term chart of the TSX and the Dow

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Beginning in 2013, you can see the start of the divergences in the TSX and Dow. In 2015, the divergence accelerated as oil prices collapsed. Major support for the Dow is around 16,000. Major support for the TSX Index is around 12,000.

Comparison of the TSX and the Dow from 2004 to 2016

Comparison of the TSX and the Dow from 2004 to 2016

______________________________

“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 Index meeting resistance at 13,500

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Near-term uptrend meeting resistance at 13,500 which is at the 40-week (200-day) moving average. The doji candlestick is a graphical representation of the battle between the bulls and the bears.

TSX Index 3-Year Chart showing resistance at 13,500

TSX Index 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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Strong day for the Canadian dollar courtesy of the Fed

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Dovish Fed = lower interest rates + lower U.S. dollar +  higher commodities = Higher Canadian dollar

Canadian Dollar 6-Month Daily Chart

Canadian Dollar 6-Month Daily Chart

Reference the last post for the Canadian dollar. published on march 9, 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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Near-term uptrend for the Canadian dollar

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Canadian dollar testing resistance at the 200-day moving average. A breakout above resistance would indicate an intermediate target of $0.7800

Canadian Dollar 6-month candlestick chart showing the near-ter uptrend with resistance at the 200-day simple moving average.

Canadian Dollar 6-Month Candlestick Chart

The loonie rose by almost a penny against the U.S. dollar on Wednesday, as oil resumed its climb and the Bank of Canada kept interest rates unchanged. Read the rest of the story………………

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“If you dither, you lose”

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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