• Canadian Forex/Bond Comment: C$ Weakens Oct 7th, 2008, 17:23 - RNI (Length: 2325)
• Canadian Dollar Technical Outlook Oct 7th, 2008, 12:26 - DFX (Length: 455)
• Canadian Forex Midday: C$ Eases Further Oct 7th, 2008, 12:25 - RNI (Length: 1588)
• ICE Canola Up On US Soy, Outside Markets Oct 7th, 2008, 12:18 - RNI (Length: 2280)
• Canadian Dollar and Financial Outlook Oct 7th, 2008, 11:09 - RNI (Length: 1518)
• ICE Canola Higher On Technical Rebound Oct 7th, 2008, 10:08 - RNI (Length: 2740)
• Commodity Dollars Hit Hard On Broad Deleveraging, Aussie Faces RBA Rate Decision Oct 6th, 2008, 21:56 - DFX (Length: 1915)
• Canadian Forex/Bond Comment: C$ Weakens Oct 6th, 2008, 16:59 - RNI (Length: 2860)
• Canadian Forex Midday: C$ Lower Oct 6th, 2008, 12:56 - RNI (Length: 1585)
• FXNEWS-Canada dollar in biggest one-day drop since Nov '07 Oct 6th, 2008, 11:20 - XFN (Length: 981)

[ More Canadian Dollar News ]

Analysis

Fri 10/3/08

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is above the moving average so the trend is up.

Additional Analysis: CAUTION: The market trend has changed direction. Now the trend is UP!

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Short Term: Even though based on conventional interpretation the market is technically bearish, we will not classify it as extremely bearish until the following occurs: price goes below the fast moving average.

Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term: Recently the market has been extremely bullish, however currently the market has lost a some of its bullishness due to the following: the fast moving average slope is down from the previous bar, price is below the fast moving average. Its possible that we may see a market pullback here. if so, the pullback might turn out to be a good buying opportunity.

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band.

Additional Analysis: The market is in oversold territory.

Volatility Indicator: Volatility is trending up based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (1.70) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. Momentum is indicating an overbought market. However the market may continue to become more overbought. Look for some evidenced weakness before getting too bearish here.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (1.45) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. Rate of Change is indicating an overbought market. However the market may continue to become more overbought. Look for some evidenced weakness before closing long positions here.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (8.54) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (8.54) has crossed above zero, issuing a signal to close short positions and initiate long positions.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 53.23). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat overbought (RSI is at 53.23). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence before getting too bearish here.

MACD Indicator:

Conventional Interpretation: MACD is in bearish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. MACD is in bearish territory. However, the recent upturn in the MacdMA may indicate a short term rally within the next few bars.

Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is DOWN. Volume is trending lower. In general this is bearish.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed above the SlowD line; this indicates a buy signal.

Additional Analysis: The long term trend is UP. The market looks strong both long term and short term. The SlowK is at (45.96). A good upward move is possible without SlowK being overbought.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bearish because the SlowK line is below the SlowD line.

Additional Analysis: The long term trend is UP. The market looks strong both long term and short term. The SlowK is at (42.75). A good upward move is possible without SlowK being overbought.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.

Additional Analysis: No additional interpretation.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Note: The above analysis is computer generated from mathematical formulae, and is provided for educational purposes only. Neither the above, nor any information on this site is intended as a trade recommendation.