Thursday, August 15, 2013

15 Aug 2013

15 Aug 2013

EUR - The move lower yesterday failed and the support level at W S1 1.3248 held, the D closed a doji.. A move higher in Asian session failed to go above 1.3300 which is also a key level. Can go either way, no bias.

GU - D closed positive with a large upper wick, RSI above 50 level. 4hr on a higher low RSI above 50 level. Suggests bias up. We have last weeks high in the region of the proven resistance area from the Apr/May '13 highs and W M3. If trend and support and resistance are the 2 most important concepts in trading then we are in uptrend bumping up against a resistance level. If buying I'd be looking to get some space between entry and resistance area and get stop to break even as soon as possible. No bias. 

EJ -  D closed a doji and still on a lower high, hasn't crossed its upper trend line so its possible a rally in down trend. 4hr negative divergence, RSI crossed below signal line. We are possibly at a support/resistance area see 29-31 July and 6-9 Aug. No bias could go either way.

EA - D closed a doji, RSI below 50. 4hr looks like it has returned to lower high lower low. Bias down.

AUD - D closed a doji, RSI above 50. 4hr higher low. Bias up.






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