Thursday, June 27, 2013

27 June 2013

EUR - Yesterdays fall stopped when the move below the key 1.3000 support level failed. The bounce up has not been big overnight, 1hr flow still lower high lower low.  Bias down, of course there can be a reaction up when London/US volumes kick in.

GU - No bias yesterday but that was in hindsight not the best analysis. A D doji on 25th June after a positive close candle on 24 June should have indicated move up is not following through. Yesterday D close large negative 3 bar reversal (i.e. below the previous 2 candle closes), 4hr on lower high lower low flow but showing positive divergence. 1hr has had a higher low following the 4hr divergence so this may have played out already, its W % R has reached over bought levels so in general area to sell again. Bias down.

EJ - Had no bias yesterday. 1hr signaled sells before and after London open with lower high, negative close candles, little no lower wicks, below the 50ema closing right at the extreme of the most recent price action. 4hr showing a big lower wick rejecting a move below W M2 127.00. Bias down today.

EURAUD - D closed negative bouncing from the identified support level 1.3925. Below that next support at 1.3800 the 14 June lows. 4 and 1hr flow lower high lower low. Bias down with potential to bounce from the mentioned support levels.

AUD - Had no bias whilst there was potential to go up there were better/cleaner charts elsewhere. D closed a shooting star, 4hr still not clean either way but we are above RSI 50 level. W pivot 0.9340 could help sellers. No bias can go either way.

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