Sunday, 15 March 2015

S&P 500 testing up trend line drawn from October and February lows

Daily chart includes all sessions trade.

Hang Seng daily chart trend lines illustrated

Key resistance for the Hang Seng is the nearby overhead down trend line. Unless the market rallies through it, expect the current down trend to continue toward much lower levels.

EUR/USD weekly close picked by the kid with a ruler

For some time I have been working with two weekly chart trend channels on the EUR/USD. The end of week close was bang on one of them.

AUD/JPY struggling to rally through trend line resistance

Daily chart shows AUD/JPY struggling to rally through trend line resistance. Why is that of interest?

Zoom out and you'll see. Weekly chart next. Weakness here could re-test key long term trend line support. Below that, look out.