Wednesday, July 17, 2013

17 July 2013

With the MPC Bank Rate votes this morning and Bernanke testifying this afternoon care needed. 

EUR - D closed positive above 50 level, 4hr on higher high higher low. We are approaching an area where we sold off strongly last week and can react lower. Bias up.

GU - D closed positive. 4hr made higher high with price contained by the W pivot 1.5045 and W M3 1.5162, RSI has signaled a sell on cross lower. We are approaching area where we sold off from last week, even if 4hr has higher low that could present a problem. Bias up.

EJ - D closed a doji, 4hr sideways. Unless things get dramatically clearer by London open I do not see much in these charts.

EURAUD - D closed negative, 4hr lower high following divergence did sell off until US session where we have drifted sideways. D suggests down, 4hr hinting up.

AUD - D closed positive. 4hr RSI has signaled a sell and 1hr is potentially on a lower high. Approaching the 0.9300 area where we sold off last week. Bias up.





 

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