Thursday, July 25, 2013

25 July 2013

EUR - D closed negative after London open move up, RSI is flat and we are above the 8lwma so nothing convincing yet for change in D trend. 4hr still on higher high higher low after giving a counter trend sell signal with RSI cross lower. 1hr made a lower high in US session yesterday and now on a higher low. Looks like dip in uptrend, bias up.

GU - D closed negative after the hanging man at the end of run and 4hr RSI divergence/cross lower for scalp sell. Now we have an evening star pattern but D RSI has not crossed lower and we are still above the 8lwma, so nothing convincing yet. 4hr looks like its made lower highs to me, 1hr on higher lows. Lots of conflicting information staying on bias up.

EJ - After the D doji, 4hr did indeed make a higher low to resume uptrend. D closed positive. 4hr back on higher high higher low. Bias up, can react lower from the resistance area 132.50.

EURAUD - D closed positive stalling at W R1/June highs. Obviously we can react lower from here but bias remains up.

AUD - D engulfing negative close from the 0.9300 resistance level that has been upper end of range for a couple of weeks now. Bias down.

 

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