Tag Archives: chart

Major trend is sideways for gold

Gold spot price.  Major trend is sideways

Gold 3-Year Weekly Chart

______________________________

“Yes, the trend is your friend!”

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.

Encana chart analysis

Support level and buying opportunity for Encana?
Support level for Encana is $23.00

Encana 3-Year Chart

Visit the Encana website to review the fundamentals for this company.

Encana’s operating profit falls 31 percent – July 24, 2014

______________________________

“An opportunity has a time frame”

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.

Dow Jones Industrial Average

Reaction to the ECB rate cut!
Dow Jones Industrial Average daily chart showing the reaction to the ECB rate cut.

Dow Jones Industrial Average Daily Chart

Acting in a more sweeping fashion than most investors anticipated, the European Central Bank yesterday cut interest rates to unprecedented lows …………………..

______________________________

“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.

Dow Jones Industrial Average chart

Will there be a breakout or a double top?
Dow Jones Industrial Average chart and a major test at the May high of 16735

Dow Jones Industrial Average Daily Chart

The major trend, intermediate trend and near-term trend are all up. On Balance Volume (OBV) is confirming the uptrend. And the DOW is trading above the 50-day and 200-day simple moving averages.

The Dow Jones Industrial Index is testing a major resistance point.

______________________________

“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.

U.S. Treasury 10 Year Note Yield Chart

Intermediate downtreand for U.S. Treasury Note
U.S. Treasury 10 Year Note Yield Chart will test major support of 2.40%.

U.S. Treasury 10 Year Note Yield Chart

The main points from the above chart for the U.S. Treasury 10 Year Note Yield are the the intermediate downtrend and major support at 2.40%.

Reference the last post for the U.S. Treasury.

______________________________

“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.

Russell 2000 Small Cap Index chart

Russell 2000 10% correction and support around 1100 to 1080
Russell 2000 Index weekly chart showing the 10% correction  in relation to the moving averages.

Russell 2000 Small Cap Index Weekly Chart

______________________________

And the view from the daily chart
Russell 2000 Index 10% correction and the support level.

Russell 2000 Small Cap Index Daily Chart

______________________________

“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.

US Dollar Index weekly chart

Major support for the US dollar is the $79.00 zone
Major support for the US Dollar Index is the $79.00 zone.

US Dollar Index Weekly Chart courtesy of stockcharts.com

The US dollar is the reserve currency and has a major impact on other markets. The inverse relationship to the price of commodities is relevant to the Canadian market. Commodities are priced in US dollars so commodity traders demand more US dollars as it declines relevant to other currencies.

United States dollar

______________________________

“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.