Friday, 24 June 2011

AUD/USD Tests Top Of Previous Trading Range (Again)

Daily candlestick chart of the year so far.

Gold and Silver Break Lower

Hourly candlestick chart of Gold from the early May peak. The false trend line break spotted previously has been followed by a  swift move lower.
Hourly candlestick chart of Silver, from the late April high. Note the parallel upwards corrective trend channels.

ASX 200 Bounces Lower From Trend Channel Retest

Daily candlestick chart. The ASX SPI 200 has bounced lower from the trend channel that contained its action for the past year. Its overnight lows (Oz time) tested and breached the March lows. The trend is clearly down at this timeframe.