Friday, September 13, 2013

13 Sep 2013

GU - D closed a hanging man at the end of a run up at a proven turning point in the past (Nov '12 low). 4hr RSI crossed lower suggesting scalp sells possible until D turns. This can be start of move down or just a pause in uptrend so no bias.

GBPAUD - D closed positive with a large upper wick, RSI crossed up. 4hr now on higher high higher low, RSI above 50 level. Bias up based on 4hr, failure to move above 1.7135 could flip move lower.

EJ - D closed negative with a large lower wick, RSI touched signal line for cross lower. 4hr asking am I a higher low or lower high. Not sure no bias.

EURAUD - D closed positive with an upper wick in the area of the June highs, RSI crossed up and we are above the 8lwma. 4hr not conclusive, Asian session push up failing to get anywhere near yesterdays high. 4hr above RSI 50 level. Retaining bias up but I am far from convinced and we could easily flip lower.

AUD - D closed lower with a lower wick. 4hr on a lower high and to test yesterdays lows. Short term bias down but we could easily flip back into uptrend.

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