Wednesday, August 14, 2013

14 Aug 2013

EUR - D closed negative, 4hr lower high lower low. We have a support level at W S1 1.3248. Other than a reaction up from there bias down.

GU - D closed a shooting star. It looks like a big news spike and if not a very low range day. Don't know if its quiet ahead of the MPC interest rate vote this morning. Bias would be down but with the news can go either way.

EJ -  D closed positive in the resistance area 130.50. D is still on a lower high and hasn't crossed its upper trend line so its possible a rally in down trend. 4hr on higher high higher low. Bias up but a 4hr negative close here below 130.00 might signal move down.

EA - D small range shooting star reflected in the 4hr sideways move. Each 4hr candle of the last 7 is making marginally higher lows I seem to recall from somewhere that if we go up could be start of big move. I suppose the key word there is IF. I suspect up but can go either way no bias.

AUD - D closed negative with a lower wick. 4hr shows the move down but not that convincing. 1hr had lots of lower wicks yesterday until the US open move lower. Bias down.






  

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