Monday, April 29, 2013

EUR GU EJ 29 April

EUR - Last week closed a hammer after a shooting star, the W chart clearly showing the indecision in the market. D closed a doji, 4hr last close a doji. 1hr gapped up but has already closed. All in all a mess, no bias.

GU - Not much follow through higher on Fri after Thursdays over sized positive close. 4hr showing negative divergence on Fri. Flow is clearly up, bias up.

EJ - W closed negative and we are now at the Jan Feb W chart highs (of the candle bodies). D negative close below 50 RSI. 4hr has had a strong move down with almost no retrace. 1hr showing positive divergence. Potential for a bounce up, bias is down.




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