stoictrader

Charts, 2012 – Week 35

In Charts on August 27, 2012 at 1:45 pm

A collection of weekly charts that I am looking at in advance of the 35th week of 2012.  Beware August, summer, bank holiday in London on Monday 27th, light volume, etc.  I am moving the family into a new home this week so keeping it very brief.

1. GBPUSD

2. EURUSD

3. EURGBP

4. GBPCAD

More charts below including: USDCAD and USDJPY

5. USDCAD

6. USDJPY

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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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