Wednesday, August 21, 2013

21 Aug 2013

EUR - Yesterday a move lower into London open failed with 1hr showing a positive close candle with a large lower wick. D closed positive. 4hr higher high higher low in tact. We are at the June highs1.3420 and whilst we can react lower from this level bias up.

GU - D closed positive on a low range. 4hr higher high higher low, seems like a struggle to move up, RSI crossed lower giving a counter D trend sell signal. Support found this morning around last weeks highs 1.5650. Bias up but the 1hr could flip over and give a lower high.

EJ - D closed positive, above 8lwma and above RSI 50 level but within the upper range 130.50. 4hr above 8lwma RSI 50 level but a struggle to move higher. I suspect up but no bias.

EA - D closed positive mainly on the back of a strong Asian push up. After London open when AUD moved up also, to break their opposite correlation EA struggled. Moved up cleanly again in Asian session when the AUD resumed down trend. We are again within striking distance of the major level 1.5000. Bias up.

AUD - D closed negative with a lower wick. 4hr lower high lower low in tact. Bias down.







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