Thursday, 28 April 2011

Silver hourly

Amongst all the new highs there was a noticeable divergence - Silver - the very market that has lead the way higher in past months. Time will tell if this divergence is significant.

Gold daily

Price has met the top channel line.

AUD/USD daily

Trend line joining the highs of the past decade suggests a target of 1.115.

S&P 500 daily

New highs. Touched mid channel line, will be interesting to see whether the market rides up the underside of it, or bursts upwards through it, or if sparks a reversal.

GBP/USD daily

Has broken the mid channel line.

EUR/USD weekly

Has broken upwards out of the old (shallower angle) trend channel, so have drawn new steeper channel.