Monday, 1 August 2011

Gold keeps on keeping on

Daily chart...

AUD/USD looks set for retest of monthly chart trend line

Hourly chart shows that the market has moved back above the trend line formed from the July 18 low....



Monthly chart shows that the market is not far from a retest of the trend line that has joined the peaks in the past decade. The line crosses 1.1120....

EUR/USD upwards break through corrective channel trend line

Hourly candlestick chart. The wedge appears to have failed, with the market moving up through the topmost corrective channel trend line.

AUD/USD retests trend line

Hourly candlestick chart...

EUR/USD retests wedge trend line

Hourly candlestick chart...