Tuesday, 15 July 2014

ASX 200 still testing long term trend line resistance on weekly, June lows key! Choppy mess on daily

Weekly . June lows key!!


Daily


S&P 500 nearing completion of bearish wedge on weekly chart, trend up on daily, last week's low key

Weekly chart shows the S&P 500 nearing completion of a bearish wedge. A decline below last week's low would complete a false break higher. Charts include all sessions trade through to the current European session.


Daily chart shows that last week's low is also key at this time frame.


Dow completing bearish megaphone on monthly, forming bearish wedge on daily

Monthly chart. A decline below the June low would complete a false break higher and target a decline to below the 2009 low. Charts include all sessions trade through to the current European session.


Daily


AUD/USD channeling lower on weekly chart, turning lower and testing trend line support on daily

Weekly


Daily


EUR/USD turning lower from trend line trend line drawn from 2008 and 2011 highs?

Weekly


Daily


Gold turns lower from resistance zone on weekly, nearing test of up trend on daily

Weekly


Daily



Silver channeling lower on weekly chart, up trend finished on daily

Weekly


Daily