Friday, April 12, 2013

EUR GU EJ 12 Apr

EUR - D closed positive with an upper wick, above 8lwma. Still held by the Mar high resistance level. 4hr is still showing negative divergence whilst managing to stay on higher high higher low flow, seems to struggle above W R1. A 4hr negative close would flip that over giving a lower high and most likely crosses of 8lwma and RSI. Yesterday 1hr had a double top with divergence, then still made a higher low. No bias can go either way.

GU - D closed positive but we are in the area of the July '12 lows. 4hr higher high higher low flow but showing negative divergence. We'll see how this 4hr closes, potential double top forming.

EJ - D closed a doji. 4hr still making higher highs at W M4, negative divergence, moves higher seem to be running out of steam. RSI has crossed lower and we are moving below the 8lwma. Bias up until 4hr can give a sell signal.






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