FREE CHARTS
Free charts this week are the USD/CHF and silver.
Free charts: http://www.medianlinestudy.com/free-charts.html
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Futures
The gold chart shows the results of the area of confluence from the previous week. Price accelerated through the area right where the up sloping and down sloping lines crossed! The oil chart highlights a potential area of confluence that looks similar to one that occurred earlier where price reversed. The US treasury bond chart lllustrates two lines that price has reached – an important area of support.
Currencies
The EUR/USD charts shows a long term Median Line set that still has tremendous influence on price as well as a new up sloping ML that nailed the reversals last week. The USD/CAD and AUD/USD each highlight areas of confluence created by the crossing of up sloping and down sloping lines that often attract price.
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