stoictrader

Charts, 2012 – Week 31

In Charts on July 29, 2012 at 7:27 pm

A collection of weekly charts that I am looking at in advance of the 31st week of 2012.  There are many pairs at interesting price levels, although next week includes the last days of July, first days of August, summer doldrums, Olympics, light volume, etc.

1. GBPUSD

2. Silver XAGUSD

3. EURUSD

More charts below including EURGBP, EURJPY, GBPAUD, USDCAD, USDJPY, USDCHF, GBPCAD, AUDUSD, AUDCAD, XAUUSD.

4. EURGBP

5. EURJPY

6. GBPAUD

7. USDCAD

8. USDJPY

9. USDCHF

10. GBPCAD

11. AUDUSD

12. AUDCAD

13. XAUUSD

– – –

A word about the charts: On Sundays I tend to look at weekly OHLC bar charts and watch for three things: classic chart patterns, channels, and support/resistance.  If nothing jumps out at me, I look at weekly moving averages and crossovers, candle charts, bollinger bands, etc.  I post a few that seem most relevant to me. I don’t necessarily trade based on weeklies, but they help me understand context.  I am always amazed how insignificant 300 pip moves look on a weekly chart.

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