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

S&P 500 3-Year Weekly Chart

High probability S&P 500 will test major support of 1950
S&P 500 will test major support at the 200-Day moving average.

S&P 500 3-Year Weekly Chart

Major points from the above candlestick chart for the S&P 500 Index:

  • Major trend is up
  • Intermediate trend is up
  • Near-term trend is down
  • Tentative break below the 50 moving average
  • Tentative break below the support level of 2000
  • Major support is around 1950 which is the 200-day moving average
  • Next support zone is the October low

Bloomberg: Wildest Day in 2 Months for S&P 500 as Stock Swings Echo October

______________________________

“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

Intel (INTC) 8-Year monthly chart

Intel chart showing the major uptrend and breakout at 35
Intermediate uptrend for Intel with a breakout at 35.00.

Intel 8-Year Monthly Chart

Intermediate uptrend for Intel with a breakout at 35.00.

Reference two previous charts when I was bullish on Intel:

______________________________

“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.

TSX Index chart analysis

Can the TSX Index hold above major resistance of 15000?
TSX Index daily chart showing the tentative break above major resistance of 15000.

TSX Index 6-Month Daily Chart Courtesy of StockCharts.com

Reference the candlestick chart published on October 16 showing the hammer on the weekly chart and the bullish engulfing pattern on the daily chart which indicated the bottom for the TSX Index.

______________________________

View from the weekly chart for the TSX Index
TSX Index weekly chart showing the breakout above 15000.

TSX Index 3-Year Weekly 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.

Technical Analysis: Gold

A 2.25% pop for GOLD today but……….
Daily chart for gold showing the 2.25% pop today. Relative weakness in the U.S. dollar today and short covering are two possible reasons for the pop today. But the major trend is down and the intermediate trend is down.  Gold will meet heavy resistance at 1,200.


Gold Daily Chart

Daily chart for gold showing the 2.25% pop today. Relative weakness in the U.S. dollar today and short covering are two possible reasons for the pop. But the major trend is down and the intermediate trend is down. Gold will meet heavy resistance at 1,200.

______________________________

And the view from the weekly chart for gold
Weekly chart for gold showing the intermediate downtrend with support and resistance levels.

Gold 3-Year Weekly Chart

______________________________

Long uphill road ahead for the gold miners
Chart showing the pop in the gold miners.

GDX Weekly Chart

______________________________

Shorts covered today but will be back
DZZ PowerShares  double short for gold.

DZZ PowerShares DB Gold Double Short ETN 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.