{"id":1060,"date":"2011-09-28T20:23:40","date_gmt":"2011-09-29T00:23:40","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1060"},"modified":"2011-09-28T20:23:40","modified_gmt":"2011-09-29T00:23:40","slug":"commodities-point-to-weaker-aussie-and-canadian-dollar","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/28\/commodities-point-to-weaker-aussie-and-canadian-dollar\/","title":{"rendered":"Commodities point to weaker Aussie and Canadian Dollar"},"content":{"rendered":"<p>CRB Commodities Index is testing support at 300 and the lower border of its trend channel. 63-day Twiggs Momentum holding below zero indicates a strong primary down-trend. Breakout below the trend channel would warn of a sharp decline, with a target of 260*. Respect is less likely, but would indicate a rally to test the upper trend channel.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2011\/2011-09-28-crb.png?w=525&#038;ssl=1\" alt=\"CRB Commodities Index\" \/><\/p>\n<p style=\"text-align:right;\"><span style=\"color:#999999;\">* Target calculation: 300 &#8211; ( 340 &#8211; 300 ) = 260<\/span><\/p>\n<p>Canada&#8217;s Loonie and the Aussie Dollar are both closely linked to commodity prices. A fall in the CRB index would lead to similar falls in the two currencies. CAD breakout below $0.9650 would signal a test of $0.94*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2011\/2011-09-28-cad.png?w=525&#038;ssl=1\" alt=\"CADUSD\" \/><\/p>\n<p style=\"text-align:right;\"><span style=\"color:#999999;\">* Target calculation: 1.00 &#8211; ( 1.06 &#8211; 1.00 ) = 0.94<\/span><\/p>\n<p>Both currencies commenced a primary down-trend when they broke parity. An Aussie Dollar breakout below $0.97 would offer an identical target of $0.94*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2011\/2011-09-28-aud.png?w=525&#038;ssl=1\" alt=\"AUDUSD\" \/><\/p>\n<p style=\"text-align:right;\"><span style=\"color:#999999;\">* Target calculation: 1.02 &#8211; ( 1.10 &#8211; 1.02 ) = 0.94<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CRB Commodities Index is testing support at 300 and the lower border of its trend channel. 63-day Twiggs Momentum holding below zero indicates a strong primary down-trend. Breakout below the trend channel would warn of a sharp decline, with a target of 260*. Respect is less likely, but would indicate a rally to test the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/28\/commodities-point-to-weaker-aussie-and-canadian-dollar\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Commodities point to weaker Aussie and Canadian Dollar&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,7,8,34],"tags":[282,284,548,550,861,2149,2758,3486,3510],"class_list":["post-1060","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-forex","category-gold-commodities","category-us-canada-countries-regions","tag-aud","tag-audusd","tag-cad","tag-cadusd","tag-crb-commodities-index","tag-loonie","tag-primary-down-trend","tag-trend-channel","tag-twiggs-momentum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commodities point to weaker Aussie and Canadian Dollar - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commodities point to weaker Aussie and Canadian Dollar - the patient investor\" \/>\n<meta property=\"og:description\" content=\"CRB Commodities Index is testing support at 300 and the lower border of its trend channel. 63-day Twiggs Momentum holding below zero indicates a strong primary down-trend. Breakout below the trend channel would warn of a sharp decline, with a target of 260*. 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The \"iceberg\" on 63-day Twiggs Momentum indicates a primary down-trend. Failure of parity would test primary support at $0.94 and, in the long-term, breach of primary support would signal a decline to $0.80*. * Target calculation: 0.94 - ( 1.08\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":923,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/22\/aussie-dollar-heads-south-as-commodities-weaken\/","url_meta":{"origin":1060,"position":1},"title":"Aussie Dollar heads south as commodities weaken","author":"ColinTwiggs","date":"September 22, 2011","format":false,"excerpt":"The CRB Commodities Index is trending downwards in a broad trend channel after a failed rally to test resistance at 350. Expect a test of the long-term rising trendline at 300. The 63-day Twiggs Momentum peak below zero confirms a primary down-trend. The Australian Dollar broke support at $1.02, signaling\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4266,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/03\/forex-australia-canada-and-south-africa-2\/","url_meta":{"origin":1060,"position":2},"title":"Forex: Australia, Canada and South Africa","author":"Colin Twiggs","date":"May 3, 2012","format":false,"excerpt":"The Australian dollar has tracked the CRB Commodities Index fairly closely since 2009. Weakening commodity prices warn that the Aussie is likely to follow. Against the US dollar, the Aussie is headed\u00a0 for another test of support at $1.02. Reversal of 63-day Twiggs Momentum below zero warns of a primary\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2342,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/commodities-drag-aussie-and-canadian-dollar-lower\/","url_meta":{"origin":1060,"position":3},"title":"Commodities drag Aussie and Canadian dollar lower","author":"ColinTwiggs","date":"November 24, 2011","format":false,"excerpt":"Commodities are weakening and dragging the Aussie and Loonie lower. The Aussie dollar shows a similar iceberg pattern on 63-day Twiggs Momentum, warning of a primary down-trend. Breakout below primary support at $0.94 would offer a long-term target of $0.80*. * Target calculation: 0.94 - ( 1.08 - 0.94 )\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3761,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/aussie-dollar-canadian-loonie-and-commodities\/","url_meta":{"origin":1060,"position":4},"title":"Aussie Dollar, Canadian Loonie and commodities","author":"ColinTwiggs","date":"March 8, 2012","format":false,"excerpt":"The CRB Commodities Index retreated from resistance at 325. Failure of medium-term support at 310 would signal a test of primary support at 295. Respect of the zero line (from below) by 63-day Twiggs Momentum indicates continuation of the primary down-trend. Lower commodity prices weakened the Aussie Dollar, with a\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1850,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/10\/aussie-and-loonie-hurt-by-dollar-surge\/","url_meta":{"origin":1060,"position":5},"title":"Aussie and Loonie hurt by dollar surge","author":"ColinTwiggs","date":"November 10, 2011","format":false,"excerpt":"The Aussie broke short-term support at $1.02, signaling a test of parity. The descending 63-day Twiggs Momentum \"iceberg\" warns of a primary down-trend. Breach of parity would indicate another visit to primary support at $0.94. In the long-term, failure of primary support would offer a target of $0.80*. * Target\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1060"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1060\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}