Sunday, 27 April 2014

ASX 200 weekly and daily charts

Weekly chart shows that the market is still yet to close above purple trend line resistance. The parallel trend line at 5650ish is the target for any continued up trend.


Daily


S&P 500 weekly and daily charts

Weekly chart shows that the market is in nosebleed territory.


That said, the daily chart trend is still up. Below 1800 and you could entertain calling a top, til then don't even think about it.


Gold weekly and daily charts

Weekly chart shows the market pressured lower by multiple down trend lines.


Daily shows that last week's break below the early April low was false. I'm looking for a rally to or above the 40 day moving average, and would then re-short on any subsequent move back below that moving average.


Silver weekly and daily charts

Weekly chart illustrates my long standing target of 1360, a target indicated by the blue descending triangle.


Daily chart



AUD/USD weekly and daily charts

Weekly shows resistance overhead. My bias is to look lower in the coming months, unless that resistance is breached.


That said, daily chart trend is up and weekly allows a bit more rally before resistance is retested.


EUR/USD weekly and daily charts

Weekly


Daily