{"id":4389,"date":"2012-05-17T01:52:01","date_gmt":"2012-05-17T05:52:01","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4389"},"modified":"2012-05-17T01:52:01","modified_gmt":"2012-05-17T05:52:01","slug":"forex-australia-canada-south-africa","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/","title":{"rendered":"Forex: Australia, Canada, South Africa"},"content":{"rendered":"<p>Canada&#8217;s Loonie broke support at $0.995 and the rising trendline against the greenback, indicating another test of primary support at $0.95. Reversal of 63-day Twiggs Momentum below zero warns of a primary down-trend. Failure of support at $0.95 would confirm.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-17-cad.png?w=525&#038;ssl=1\" alt=\"Canadian Dollar\" \/><\/p>\n<p>The Australian Dollar is expected to follow <a title=\"CRB Commodities Index\" href=\"http:\/\/goldstocksforex.com\/2012\/05\/17\/commodities-point-to-lower-stock-prices\/\" target=\"_blank\">commodities<\/a> lower, testing primary support at $0.96. 63-Day Twiggs Momentum below zero warns of another primary decline. Recovery above $1.02 is unlikely but would indicate an advance to $1.08.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-17-aud.png?w=525&#038;ssl=1\" alt=\"Australian Dollar\" \/><\/p>\n<p>The Australian Dollar strengthened against the South African Rand, but respect of resistance at R8.30 would warn of a decline to R7.50*. Breach of support at R7.90 would confirm. 63-Day Twiggs Momentum oscillating close to zero indicates uncertainty, however, and breakout above R8.30 would test long-term resistance at R8.50.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-17-zar.png?w=525&#038;ssl=1\" alt=\"Australian Dollar\/South African Rand\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 8.00 &#8211; ( 8.50 &#8211; 8.00 ) = 7.50<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada&#8217;s Loonie broke support at $0.995 and the rising trendline against the greenback, indicating another test of primary support at $0.95. Reversal of 63-day Twiggs Momentum below zero warns of a primary down-trend. Failure of support at $0.95 would confirm. The Australian Dollar is expected to follow commodities lower, testing primary support at $0.96. 63-Day &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex: Australia, Canada, South Africa&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"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":[38,40,7,34],"tags":[292,558,3184],"class_list":["post-4389","post","type-post","status-publish","format-standard","hentry","category-africa-south-america","category-australia-nz-countries-regions","category-forex","category-us-canada-countries-regions","tag-australian-dollar","tag-canadian-dollar","tag-south-african-rand"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forex: Australia, Canada, South Africa - 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=\"Forex: Australia, Canada, South Africa - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Canada&#8217;s Loonie broke support at $0.995 and the rising trendline against the greenback, indicating another test of primary support at $0.95. Reversal of 63-day Twiggs Momentum below zero warns of a primary down-trend. Failure of support at $0.95 would confirm. The Australian Dollar is expected to follow commodities lower, testing primary support at $0.96. 63-Day &hellip; Continue reading &quot;Forex: Australia, Canada, South Africa&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-05-17T05:52:01+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-05-17-cad.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Forex: Australia, Canada, South Africa\",\"datePublished\":\"2012-05-17T05:52:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/\"},\"wordCount\":128,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-17-cad.png\",\"keywords\":[\"Australian Dollar\",\"Canadian Dollar\",\"South African Rand\"],\"articleSection\":[\"Africa &amp; South America\",\"Australia &amp; NZ\",\"Forex\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/\",\"name\":\"Forex: Australia, Canada, South Africa - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-17-cad.png\",\"datePublished\":\"2012-05-17T05:52:01+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-17-cad.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-17-cad.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Forex: Australia, Canada, South Africa\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-18N","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":4438,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/","url_meta":{"origin":4389,"position":0},"title":"Forex: Australia, Canada, South Africa","author":"Colin Twiggs","date":"May 24, 2012","format":false,"excerpt":"Canada's Loonie may be strengthening against the Aussie Dollar but is headed for another test of\u00a0primary support at $0.95 against the greenback. Reversal of 63-day Twiggs Momentum below zero warns of a primary down-trend. Failure of support at $0.95 would confirm. * Target calculation: 0.95 - ( 1.02 - 0.95\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":4320,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/09\/forex-australia-canada-and-south-africa-3\/","url_meta":{"origin":4389,"position":1},"title":"Forex: Australia, Canada and South Africa","author":"Colin Twiggs","date":"May 9, 2012","format":false,"excerpt":"Weakening commodity prices are dragging the Australian Dollar lower against the greenback. Breach of support at $1.02 indicates another test of primary support at $0.96. Reversal of 63-day Twiggs Momentum below zero already warns of a primary down-trend. Failure of primary support at $0.96 would confirm, offering a long-term target\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":2645,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/15\/forex-update-euro-breaks-support\/","url_meta":{"origin":4389,"position":2},"title":"Forex update: Euro breaks support","author":"ColinTwiggs","date":"December 15, 2011","format":false,"excerpt":"The euro broke through primary support at $1.32, warning of another primary decline with a target of $1.22*. Declining 63-day Twiggs Momentum indicates a strong primary down-trend. * Target calculation: 1.32 - ( 1.42 - 1.32 ) = 1.22 Pound Sterling is testing primary support at $1.54, while 63-day Twiggs\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":4266,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/03\/forex-australia-canada-and-south-africa-2\/","url_meta":{"origin":4389,"position":3},"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":2577,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/08\/forex-update\/","url_meta":{"origin":4389,"position":4},"title":"Forex update","author":"ColinTwiggs","date":"December 8, 2011","format":false,"excerpt":"The euro is likely to re-test primary support at $1.32 against the greenback. Declining 63-day Twiggs Momentum, below zero, warns of continuation of the primary down-trend. Breach of support would indicate a primary decline to $1.22*. * Target calculation: 1.32 - ( 1.42 - 1.32 ) = 1.22 Sterling rallied\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":3918,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/forex-aussie-dollar-loonie-and-rand\/","url_meta":{"origin":4389,"position":5},"title":"Forex: Aussie, Loonie, Rand","author":"Colin Twiggs","date":"March 22, 2012","format":false,"excerpt":"Canada's Loonie, buoyed by rising oil prices, is testing resistance at $1.01\/$1.015. Narrow consolidation suggests an upward breakout and advance to the 2011 high of $1.06*. 63-Day Twiggs Momentum above zero also indicates a primary advance. * Target calculation: 1.01 + ( 1.00 - 0.95 ) = 1.06 The Australian\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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4389","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4389"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4389\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}