Saturday, 30 April 2011

AUD/USD monthly

Trend is up. Trend line drawn from tops earlier in the century is nearby and may act as resistance.

S&P 500 monthly

Trend is up. Possible head and shoulders trend line may come in to play, but only if the market reverses immediately.

Silver daily

Trend is up. The divergence between Silver and other markets continues. Resistance from the all time high in 1980 is at 5000 (ie. $50).

Gold monthly

Trend is up.

EUR/USD weekly

Trend is up.

GBP/USD weekly

Trend is up.