Tag Archives: candlestick chart

TSX Index chart showing major resistance at 14,300

Can the TSX Index break major resistance of 14,300?

Chart of the TSX Index showing the intermediate uptrend with major resistance of 14,300

Reference the chart analysis today showing the 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.

© 2014 TradeOnline.ca

TSX Chart Analysis

TSX Index will test major resistance around 14,300
Major resistance for the TSX is around 14,300

TSX Index 4-Year Weekly Chart

Reference the last chart analysis for the TSX Index.

______________________________

“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

Precision Drilling candlestick chart

Back to the support level on the weekly chart
Precision Drilling chart showing the return to the support level.

Precision Drilling 2-Year Weekly chart

On July 28, 2013, I published a chart showing the breakout above the resistance level. This updated weekly chart shows Precision Drilling back to the breakout point which is now the support level. The reversal of roles is an important concept in technical analysis.

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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

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.

Updated News Articles

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

TSX candlestick chart analysis

Struggling to break the resistance zone of 12,900
TSX candlestick chart showing the index struggling to break the resistance zone of 12,900.

TSX Weekly Chart

Reference the last chart analysis for the TSX Index: same old consolidation zone.

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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.

Technical Analysis: TSX weekly candlestick chart

Near-term uptrend for TSX with major resistance at 12,900
Near-term uptrend for the TSX Index with major resistance around 12,900

TSX Index Weekly Chart courtesy of StockCharts.com

The magic number is the March, 2013 high of 12,904. There is a high probability for a test of the 12,900 major resistance zone.

Reference the last chart analysis for the TSX Index.

______________________________

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.