The Canadian Technician July 24, 2014 at 11:27 AM
Agrium has been a hard stock for investors. Breaking out and then breaking down. Recently testing under the 200 DMA, it started to show some positive divergence on the MACD and CMF. Today it sits at the top end of the range. A breakout here would be a nice trend change... Read More
The Canadian Technician July 23, 2014 at 03:18 PM
So, the US Dollar ($USD) is at the center of the currencies we covered. Lets look into the long term weekly to set the stage. First of all, the Weekly RSI is in bull mode since 2011 ! That is a substantial change as most other currencies had an RSI trend from the end of 2012... Read More
The Canadian Technician July 23, 2014 at 11:18 AM
Now for the largest European currency and it makes up over 1/2 of the US Dollar Index. The Euro ($XEU). This is arguably the most important chart in the group for the direction of the $USD... Read More
The Canadian Technician July 22, 2014 at 11:33 PM
The Swiss Franc ($XSF) is an important currency in Europe. During the Greek crisis back in 2011, the Swiss Franc soared in the heat of the crisis. It immediately plummeted back. It was a goto currency in times of stress, but it also mimics some of the other European currencies... Read More
The Canadian Technician July 22, 2014 at 04:04 PM
The British Pound ($XBP) is one of the world's most prominent currencies. With all the turbulence around the Scottish referendum only 2 months away, I might expect more weakness... Read More
The Canadian Technician July 22, 2014 at 01:44 PM
The Swedish Krona (FXS) is a thinly traded currency with gaps all over the daily chart. However, because it is part of the dollar index it is also extremely sensitive and I like it as an early warning currency. This ETF started in 2006 so that is our maximum data range... Read More
The Canadian Technician July 21, 2014 at 11:36 PM
Well, the first two chapters had provocative charts that look set up for major moves. The Canadian Dollar ($CDW) looks ready to move as well. Once again, starting with the long term weekly chart, Lets study the RSI... Read More
The Canadian Technician July 21, 2014 at 03:49 PM
Following on the back of Chapter 1, here are the charts for the Australian Dollar ($XAD). Here is the Long Term Weekly first. We can see the RSI is demonstrating a bear market. While everything is obvious in hindsight, the RSI is at that critical level... Read More
The Canadian Technician July 21, 2014 at 01:32 PM
The Currency markets are the early movers. The Japanese Yen ($XJY) is a very important global currency. I like to stay aware of major changes in the currencies to help me in the equities market. Lets roll through the 7 major currencies over the next few blogs... Read More
The Canadian Technician July 09, 2014 at 05:53 PM
Crude is a remarkable fluid which dominates world politics. We have recently seen Russia pushing into the neighbouring markets with Oil and Natural Gas and the rest of the world watches every deal... Read More
The Canadian Technician June 30, 2014 at 10:00 PM
One thing about the Canadian Currency; we have managed to find fun names for just about every coin and note. We have had the toonie (bear), the loonie (Loon), the caribou, the bluenose schooner, the beaver and the Maple Leaf. We have now killed the penny (maple leaf)... Read More
