Sunday, 8 November 2015

ASX 200 daily chart forming possible Head and Shoulders top

S&P 500 daily chart all sessions testing parallel trend line resistance

AUD/USD daily chart near possible trend line support

EUR/USD slices through trend line supports

Daily chart shows EUR/USD slicing through trend line supports.

Next chart zooms out to give more context on the break lower from the down trend channel.

Gold near potential support, above 1105 would be a bullish edge

Weekly chart. Gold is near potential support at the July low, and just below that, trend channel support. I'd be surprised if the July low is broken, but I've been surprised by markets before.

Daily chart illustrates my view that arise above 1105 in coming days would be a bullish edge. It''s been an important level in recent months.

Silver daily chart near test of trend channel support