Tuesday, July 23, 2013

23 July 2013

EUR - D closed higher with an upper wick. 4hr higher low cycle, also showing an upper wick. Price action is not the same as 11 July when the Asian session gave us a big upper wick. Bias up with potential to move lower from the highs.

GU - D closed positive at a potential resistance area from 11 April 2013. Bias up.

EJ - D closed negative 3 bar reversal. 4hr lower high after divergence has played out. Can either be a dip in uptrend or start of reversal, no bias can go either way.

EURAUD - D closed negative, 3 bar reversal, the lows from 19 July holding. 4hr is ranging, 1hr flow still clearly down. Bias down with potential to move higher from support.

AUD - Positive D close, 4hr on higher high higher low but seems a struggle to go higher. Bias up with potential to move lower from the upper resistance level.

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