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• ICE Canada Grain/Oilseed Review: Canola Falls On Harvesting, Weak US Soy Nov 6th, 2009, 15:01 - RNI (Length: 2941)
• Canadian Forex Midday: C$ Weaker Following Jobs Data Nov 6th, 2009, 12:57 - RNI (Length: 1332)
• ICE Canola Follows Soybeans Lower Nov 6th, 2009, 12:07 - RNI (Length: 1667)
• Canadian Dollar And Business Outlook Nov 6th, 2009, 10:42 - RNI (Length: 1153)
• ICE Canola Futures Higher on Weak C$, Short-covering Nov 6th, 2009, 10:14 - RNI (Length: 2534)
• ICE Canola Futures Higher on Weak C$, Short-covering Nov 6th, 2009, 10:00 - RNI (Length: 2534)
• Canadian Forex/Bond Review: C$ Eases Nov 5th, 2009, 16:49 - RNI (Length: 1919)
• Canadian Forex/Bond Review: C$ Eases Nov 5th, 2009, 16:45 - RNI (Length: 1919)

[ More Canadian Dollar News ]

Analysis

Fri 11/6/09

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 bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: the slow moving average slope is up from previous bar, price goes above the fast moving average, price goes above the slow moving average.

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

Additional Analysis - Long Term: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average.

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: Market trend is DOWN.

Swing Index Indicator:

Conventional Interpretation: The swing index is most often used to identify bars where the market is likely to change direction. A signal is generated when the swing index crosses zero. No signal has been generated here.

Additional Analysis: No additional interpretation.

Volatility Indicator: The volatility trend, based on a 9 bar moving average, has just switched to down.

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.

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.