Saturday, 14 July 2012

ASX 200 weekly and daily charts

Charts plus very few words this weekend, as I'm on holiday. Few words is probably an improvement...

Weekly chart, showing the ASX 200 rebounding lower from the recent bearish cross of the 18 and 40 week moving averages. Big picture down trend will remain intact so long as upper trend line remains unchallenged.


Daily chart shows the market is range bound, but so long as the recent high holds, biased lower in the near term given the bigger picture down trend.


S&P 500 weekly and daily charts

Weekly, showing recurring trend line angle going back to the beginning of the century.


Daily, market remains below trend line drawn from March and April highs.


DAX weekly and daily charts

Weekly.


Daily.


AUD/USD weekly and daily charts

Weekly, so far respecting bearish cross of 18 and 40 week moving averages, also remains below trend line drawn from late 2008 lows.


Daily, recent trend line break.


EUR/USD weekly and daily charts

Weekly, following break below trend line drawn from 2001 and 2002 lows, looks headed for test of support below 1.19.


Daily.


Gold weekly and daily charts

Weekly, continues to test trend line drawn from the 2008 and 2009 highs.


Daily, recent action is forming a symmetrical triangle, June high and low remain key.


Silver weekly and daily charts

Weekly, continues to test trend line drawn from early 1990s highs.


Daily, remains below 40 day moving average.