FINANCIAL ICEBERG
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 TECHNICALS
Canadian Bonds At the Support Zone?
 February 25 2016 ( TradingView  )
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The Situation

​
The Canadian Universe Bond ETF - XBB 
​( iShares Canadian Universe Bond Index ETF ) is trading within a 
​huge ​wedge pattern that started back since February 2015.
​ ​​( See First Chart Below- Thick Grey and Red Trendlines ).

Since then, we keep making lower highs but not lower lows yet, 
​anyway not a good technical sign indeed​ as shown by ​the ​​first ​​chart ​below. 

But the most interesting factor is that ​we are now testing the Major Support Trendline from that wedge pattern that is so critical for Bulls to hold. ​( See chart below - Red Trend Line - Ellipse) 
​All that within a rising trading volume. ​( See chart below - Bottom Blue Area Chart - Ellipse) 

Interesting to observe that we are already below the 20, 50 and 200 DMAs ( Day Moving Averages ) on that Canadian Bond ETF. ( See chart below - 20 DMA Yellow Line, 50 DMA Red Line and 200 DMA Green Line )



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Canadian Bonds At the Support Zone?      $BONDS  #Trading #Canada  #investing  #bonds #xbb


Daily Chart
​XBB ETF (  iShares Canadian Universe Bond Index ETF  ) 
20 DMA ( Yellow Line ) 
​​50 DMA ( Blue Line ) 
200 DMA ( Red Line )






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