Monday, 25 March 2013

ASX 200 rallies from support then turns lower from trend line resistance #asx

Daily chart shows the ASX 200 rallying out of the illustrated support zone but turning lower at trend line resistance. Stuck between a rock and a hard place, you could say.

Weekly chart shows that support zones credentials.

AUD/USD continues to trend higher, toward 1.06? #aud

Daily chart suggests the AUD/USD is range bound and possibly headed for a test of 1.06.

Hourly chart zooms in on the rally that began in early March.

Watch for #Gold to test short term up trend line

Remember there are two sides to a trend line. Will Gold rally or break lower?

Daily chart.

Zooming in to the up trend line on the hourly.