Tuesday, 24 September 2013

ASX 200 daily chart - probing for bearish break from wedge?

Chart includes after hours trade.

Nikkei monthly chart - nearing resistance at 22 year old down trend line

Gold daily chart - channeling lower, moving averages crossed bearishly

EUR/USD daily chart - returning to 12 month old trend channel?

Is EUR/USD returning to the trend channel that has captured over 90% of market action for the past year? If so, the path will be open for another journey below 1.30. That said, past resistance (ie. the top of the channel) could become support.