FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
Canadian Technical Charts Potpourri
 January 21 2018 (From TradingView)
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​​Canadian Stocks (XIU ETF) trading higher on Dovish comments from Bank
of Canada. ​NAFTA negociations weighting tremendously on the Canadian
​Financial Markets.​

Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 32 weeks ago the Previous
​Major Weekly ​Double Top Breakout Trendline at 22.78 and back above it
​15 weeks ago. Broke 2 weeks ago a Weekly Megaphone Resistance but so
critical for Bulls to protect.​ 
(See first chart below)​​.

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF)   ​
Broke 18 weeks ​ago the Weekly Resistance ​Trendline (blue). Tested +
​Broke last week the Weekly Resistance of a Major Resistance Trendline. ​
(See second chart below-grey)​
​​
​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) ​
Broke a Major Weekly Resistance 5 weeks ago from a ​Weekly Wedge that
​started from July 2014. Bulls need to protect at all costs. ​​
(See third chart below - Red Trendlines)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a
​Weekly Downtrend Channel.
​​(See 4rth chart below - Channel)  

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone ​Support Technical Pattern 30 weeks ago. (See fifth chart below - Blue Trendlines)​  Broke a Weekly Uptrend Channel 9 weeks ago. 

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke 5 weeks ago a Weekly Uptrend Channel. Still Into a Weekly Downtrend Channel. ​​​(See sixth chart below - Channel)  

7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is back below the resistance zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are now less Volatile than US stocks.

8) Natural Gas Futures (NG2-NYMEX) Strong Price Compression within a Weekly Falling Wedge. 
​(See eight chart below -Yellow trendline).  

​​​9) Light Crude Oil Futures (CL2-NYMEX) Broke 4 weeks ago the Resistance of a Major Weekly Rising Wedge so critical for Bulls to stay over (becomes Support). Broke 2weeks ago the Resistance of a Weekly Uptrend Channel that started since July 2017 tat Bulls need to protect.​ ​ (See ninth chart below - Channel)​.


​​The XIU ETF still into a high uncertainty as the NAFTA negociations is weighting tremendously on the stock market. Bank of Canada stance takes that topic seriously into account.

​​




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"To fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting."

-Sun Tzu, the Art of War

Canadian Technical Charts Potpourri $SPY #sp500 #usdollar #bonds #gold #stocks  #investing #trading #spy #dxy #bonds #gold #vix 

Weekly Chart ( Candles )
XBB ETF (​ iShares Canadian Universe Bond Index ETF  )
​Volume ( Bottom Blue Area )​

Financialiceberg.Com
Financialiceberg.Com
Weekly Chart
​SPTSX60 Index ( XIU ETF - Top Panel - Candles )
​XIU ETF Volume ( Bottom Panel - Blue Area )​​

 ​Weekly Chart ( Candles )
​Natural Gas Futures ( NG2 )
​Volume ( Bottom Blue Area )​​

Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
 ​​Weekly Chart ( Candles )
​Canadian Dollar/USD pair ( USDCAD )

Financialiceberg.Com
Weekly Chart
​SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
​​​
Financialiceberg.Com
Weekly Chart
​SPTSX Base Metal ( XBM ETF - Top Panel - Candles )
​XBM ETF Volume ( Bottom Panel - Blue Area )​​

Weekly Chart
​SPTSX Energy ( XEG ETF - Top Panel - Candles )
​XEG ETF Volume ( Bottom Panel - Blue Area )​​

RATIO - Weekly Chart ( Candles )
TMX SPTSX60 Index Volatility (​ VIXC  ) vs
​CBOE SP100 Index Volatility (​ VXO )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​