Tuesday, 21 June 2011

GBP/USD Trending Down

The GBP/USD has broken the the trend line formed from the 2010 lows, and is trending down on the daily chart.

The hourly chart shows the action since the beginning of last week. We see a decline, followed by a corrective looking trading range.

Silver Trading Range

Hourly candlestick chart. Silver has traded in a range for the past week. Keep in mind the down trend on the daily chart