{"id":4438,"date":"2012-05-24T03:04:35","date_gmt":"2012-05-24T07:04:35","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4438"},"modified":"2012-05-24T03:04:35","modified_gmt":"2012-05-24T07:04:35","slug":"forex-australia-canada-south-africa-2","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/","title":{"rendered":"Forex: Australia, Canada, South Africa"},"content":{"rendered":"<p>Canada&#8217;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.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-23-cad.png?w=525&#038;ssl=1\" alt=\"Canadian Dollar\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 0.95 &#8211; ( 1.02 &#8211; 0.95 ) = 0.88<\/span><\/p>\n<p>The Australian Dollar is following <a title=\"CRB Commodities Index\" href=\"http:\/\/goldstocksforex.com\/2012\/05\/23\/commodities-fall-stocks-follow\/\" target=\"_blank\">commodities<\/a> lower, headed for a test of primary support at $0.96. 63-Day Twiggs Momentum below zero warns of a primary down-trend. Breach of support at $0.96 would warn of a primary down-trend with a long-term target of $0.84. Recovery above $1.02 is unlikely but would indicate another test of $1.08.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-23-aud.png?w=525&#038;ssl=1\" alt=\"Australian Dollar\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 0.96 &#8211; ( 1.08 &#8211; 0.96 ) = 0.84<\/span><\/p>\n<p>The Australian Dollar respected resistance at R8.30 against the South African Rand. Expect another test of R7.90. Breach would warn of a decline to R7.50*. 63-Day Twiggs Momentum oscillating close to zero indicates uncertainty 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\/2012-05-23-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 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 &#8211; ( 1.02 &#8211; 0.95 ) = 0.88 The Australian &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/\" 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-4438","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 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 &#8211; ( 1.02 &#8211; 0.95 ) = 0.88 The Australian &hellip; Continue reading &quot;Forex: Australia, Canada, South Africa&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/\" \/>\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=\"2012-05-24T07:04:35+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-05-23-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\/24\/forex-australia-canada-south-africa-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Forex: Australia, Canada, South Africa\",\"datePublished\":\"2012-05-24T07:04:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/\"},\"wordCount\":151,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-23-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\/24\/forex-australia-canada-south-africa-2\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/\",\"name\":\"Forex: Australia, Canada, South Africa - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-23-cad.png\",\"datePublished\":\"2012-05-24T07:04:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-23-cad.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-23-cad.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-australia-canada-south-africa-2\/#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. 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-19A","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":4389,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-australia-canada-south-africa\/","url_meta":{"origin":4438,"position":0},"title":"Forex: Australia, Canada, South Africa","author":"Colin Twiggs","date":"May 17, 2012","format":false,"excerpt":"Canada'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\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":4438,"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":4509,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/31\/forex-australia-and-canada\/","url_meta":{"origin":4438,"position":2},"title":"Forex: Australia and Canada","author":"Colin Twiggs","date":"May 31, 2012","format":false,"excerpt":"Falling crude oil and commodity prices are likely to depress resource-rich currencies. Canada's Loonie found support at $0.97 but 63-Day Twiggs Momentum below zero warns of a primary down-trend. Failure of $0.97 is likely and would test the primary level at $0.94\/0.95. * Target calculation: 0.95 - ( 1.01 -\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":4684,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/21\/forex-europe-australia-canada-south-africa-and-japan\/","url_meta":{"origin":4438,"position":3},"title":"Forex: Europe, Australia, Canada, South Africa and Japan","author":"Colin Twiggs","date":"June 21, 2012","format":false,"excerpt":"The Euro is testing its new resistance level at $1.26. Respect would offer a target of $1.17*. Bullish divergence on 63-day Twiggs Momentum, however, warns that the down-trend is weakening; recovery above zero would suggest reversal to a primary up-trend. Breach of the descending trendline would strengthen the signal. *\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":4438,"position":4},"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":5409,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/07\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-4\/","url_meta":{"origin":4438,"position":5},"title":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen","author":"Colin Twiggs","date":"September 7, 2012","format":false,"excerpt":"The Euro is headed for $1.275, unaffected so far by the announcement that the ECB will purchase government bonds in the secondary market. Expect strong\u00a0resistance at $1.275, reversal below the lower trend channel would warn of a correction. Pound Sterling is weakening against the euro, with a descending triangle testing\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\/4438","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=4438"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4438\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}