Monday, October 12, 2015

The Canadian dollar effect:

Two stock charts of interest using basic technical tools – a weekly of Canadian Tire (CTC.a) with a simple 40-week moving average and money flow – a variation of on-balance-volume. The other is a monthly of Cascades (CAS) using a long term trend line and the same money flow study

On the CTC.a chart we see a broken 40-week and money flow numbers declining since October 2014 and on the CAS chart we see a mid 2013 break up above a long term trend line and rising money flow numbers. I suspect the weak Canadian dollar is the prime driver of these two bull and bear studies.

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