Monday, July 1, 2013

1 July 2013

EUR - D closed a lower high (compared to 25 June the last attempt up) shooting star at the key 1.30 support level. Typically bias would be down but anything can happen at 1.30.

GU - D negative close again with a lower wick. 4hr still on lower high lower low flow. Could well be a move up, no reason to think it would be anything other than a rally in down trend, bias down.

EJ - D closed with an upper wick but breaking upper trend line. 4hr RSI has crossed its signal line lower but we are on higher high higher low. We did sell off from around 129.70 at the end of June. Bias up potential to fall from the resistance level.

EURAUD - D closed positive at the previously mentioned 1.4250 resistance level, setting up a possible head and shoulders pattern. 4hr negative divergence at the (gapped up) highs, still on higher high higher low. Bias remains up.

AUD - D closed negative with RSI positive divergence. Good bounce up in Asian session but 4hr still on lower high lower low. Bias down.







No comments:

Post a Comment