Tag Archives: Canadian

Encana: Major downtrend but maybe a bottom?

Bullish Engulfing Pattern on the weekly chart for Encana
Bullish engulfing pattern for Encana.

Encana 3-Year Weekly Chart

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A move above the 20-day moving average for Encana
Encana 6-Month Candlestick Chart

Encana 6-Month Candlestick 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.

© 2015 TradeOnline.ca

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iShares S&P/TSX Capped Energy Index ETF chart analysis

XEG ETF weekly chart showing major downtrend
Weekly chart for XEG ETF showing the major downtrend and the failure to hold the breakout at 15.

XEG ETF 3-Year Weekly Chart

Weekly chart for XEG ETF showing the major downtrend and the failure to hold the breakout at 15. Near-term trend is down. If XEG cannot hold 14, the next support level is 13.

http://ca.ishares.com/content/en_ca/repository/resource/fact_sheet/FFS_XEG_CA46428C1005_EN_CA.PDF

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XEG ETS daily chart showing the support and resistance levels
XEG ETF daily chart showing the support and resistance levels.

XEG ETF Daily 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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Western Canadian Select price differential

Canadian oil exports to the U.S. and the price differential for Western Canadian Select compared to West Texas Intermediate.

CALGARY—In the escalating war of attrition among top oil-producing nations, Canada’s biggest oil-sands mines have a message for the market: Don’t look to us to cut production………..read more……….

Western Canadian Select is one of North America’s largest heavy crude oil streams.[1] It is a heavy blended crude oil composed mostly of bitumen blended with sweet synthetic and condensate diluents and 25[2] existing streams of both conventional and unconventional[2][3] Alberta heavy crude oils at the Husky blending terminal in Hardisty,Alberta (CAPP 2012).……..read more……….

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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 market ytd sector performance

+8.36% ytd return for the TSX Index

Canadian market ytd sector performance.

TSX Index YTD Sector Performance

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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 sector performance

Industrials led the Canadian market last week
Canadian stock sector performance for the last week showing that industrials led the market.

Canadian Sector Performance

Reference the constituents for the Industrials sector.

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“Charting is all about assessing 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.

Canadian market sector performance

Energy sector continues to lead the Canadian market
Energy continues to lead the Canadian market.

TSX Sector Performance over the last week

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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

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