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 TECHNICALS
Canadian Short Term Bond (XSB ETF): Testing Support?
 August 25 2016 ( TradingView  )
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The Situation

The Canadian Short Term Bond Index ETF - XSB 
​(iShares Canadian Short Term Bond Index ETF) is still 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 February 26 2016, we are trading within a Rising Wedge with higher highs and higher lows Technical Pattern ​as shown by ​the ​​first ​​chart ​below. (See First Chart Below- Thick Blue Trendlines).

On August 24 2016, we finally tested back the support trendline of that Risiing Wedge, ​​(See chart below - Bottom Blue 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 corrections 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): Testing Support?   $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