Monday, January 21, 2013

Recap 18 Jan, EUR GU EJ 21 Jan

Recap 18 Jan

EUR bias was up with potential to go lower from the highs (1.3400 area). It fell with an evening star pattern on 15 min.

GU was no bias could have gone either way. Again the move above the immediate range just before London open was rejected with a doji and also completed an evening star pattern. there was then a weak pre US open push up reverting to trend after US news.

EJ did not follow bias up.

21 Jan

EUR - A negative close day that did not challenge last weeks lows. 4hr going sideways within the 1.3400-1.3250 range. Direction at this time is unclear.

GU - All time frames below RSI 50 level with some divergence on 1hr. Bias down but we have the Nov support area 1.5825 approaching. 4hr and 1hr flows down.

EJ - D doji with divergence, 4hr divergence. 4hr and 1hr RSI crossed below their signal lines so short term sell bias, D has not as yet agreed.








No comments:

Post a Comment