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 TECHNICALS
Canadian Short Term Bond (XSB ETF): Breakdown?
 April 25 2016 ( TradingView  )
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The Situation

​
The Canadian Short Term Bond Index ETF - XSB 
​(iShares Canadian Short Term Bond Index ETF) was trading within a 
​huge ​downward trend pattern (making lower highs and lower lows) that 
​started back since February 2 2015. (See First Chart Below- Thick Grey Trendline).

But since November 11 2015, we were trading within a Falling Wedge
Technical Pattern ​as shown by ​the ​​first ​​chart ​below. (See First Chart Below- Thick Red Trendlines).

On April 22 2016, we finally broke the support trendline of that Falling Wedge, ​​(See chart below - Bottom Red Trendline - Ellipse)  all that with no real spike in trading volume. ​(See chart below - Bottom Blue Area Chart) 

Interesting to observe that most of the previous correction in price for the XSB ETF came after a wave of Canadian Dollar strength versus the US Dollar. (See Second Chart Below- Vertical Amber Lines).



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Canadian Short Term Bond (XSB ETF): Breakdown?  $BONDS  #Trading #Canada  #investing  #bonds #xsb


Daily Chart
​XSB ETF (  iShares Canadian Short Term Bond Index ETF  ) 
20 DMA ( Yellow Line ) 
​​50 DMA ( Blue Line ) 
200 DMA ( Red Line )






Financialiceberg.com



Daily Chart
​XSB ETF (  iShares Canadian Short Term Bond Index ETF -  Candles - Top Panel ) 
​and 
Canada US Dollar Exchange Rate ( CADUSD - Bar Chart - Bottom Panel )​




Financialiceberg.com