Tag Archives: canadian dollar

Canadian Dollar weekly chart

Canadian Dollar testing major support
Canadian dollar testing major support

Canadian Dollar 3-Year Weekly Chart

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“Stay with the trend until it ends.”

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.

© 2015 TradeOnline.ca

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Canadian Dollar weekly chart

Major, intermediate and near-term downtrend for Canadian dollar
Canadian dollar weekly chart showing the major downtrend.

Canadian Dollar 3-year Weekly Chart

The only conclusion is the that the Canadian dollar is going lower.

Reference the last chart analysis for the Canadian dollar.

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“Always trade in the direction of the major trend”

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.

© 2015 TradeOnline.ca

Canadian Dollar daily chart

Break below support of 86.00

Canadian dollar daily chart showing the $1.22 drop today to $84.85

Reference my chart analysis for the Canadian dollar published on December 15, 2014:

Will the Canadian Dollar test $0.8400 by year-end? Maybe!

Reference my chart analysis for the Canadian dollar published March 21, 2014:

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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“Always trade in the direction of the major trend”

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.

© 2015 TradeOnline.ca

Canadian Dollar 3-Year chart

Major trend is down for the Canadian Dollar
Chart for the Canadian dollar showing the major downtrend.

Canadian Dollar 3-Year Chart

Link to last chart analysis for the Canadian dollar.

http://www.bankofcanada.ca/publications/boc-review/

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“It is all 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.

© 2015 TradeOnline.ca

Canadian dollar chart showing the major downtrend

Will the Canadian Dollar test $0.8400 by year-end? Maybe!
Weekly chart for the Canadian Dollar showing the major downtrend

Canadian Dollar 3-Year Weekly Chart

Major trend, intermediate trend and near-term trend are all down.

Reference my analysis from March 21, 2014 and the follow excerpt:

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.

______________________________

“It is all 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.

© 2014 TradeOnline.ca

Canadian Dollar chart analysis

Canadian Dollar testing major support of $0.9100

Major downtrend for the Canadian dollar. Testing major support of  $0.9100

Canadian Dollar Weekly Chart

Major trend is down for the Canadian dollar. If it cannot hold $0.9100, the next major support level is around $0.8900.

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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.

______________________________

“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

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