Sunday, April 14, 2013

Weekly charts

EUR - W closed positive and we are approaching the resistance level at 1.3166, the highs from Sep/Oct '12. RSI has crossed up and on 50 level so in general we would expect moves up. We have strong levels at 1.3000 and 1.3166. Whilst we closed at the W's highs the last 3 days of the week could not move higher.




GU - The support/resistance level at 1.5268 is clear. The next level I have shown is 1.5389, the low from 8 July that became a higher low. Last W closed a doji between these levels. The week ended with a D negative close and divergence. W RSI has crossed up but we are below the 50 level. With the doji and support/resistance levels no W long term bias.



EJ - W closed with a large upper wick, RSI has crossed up and above 50 level. If the W does follow through higher it did close with a D evening star pattern which would suggest some downside perhaps to 127.20/70 area the Feb highs. 



No comments:

Post a Comment