Friday, September 6, 2013

6 Sep 2013

US none farm payroll today.

GBPAUD - Wed's low held, D closed positive but with a large upper wick, below 8lwma and RSI below 50 level. 4hr has crossed up for a scalp buy signal. No bias.

EJ - Also an up and down day that closed negative. 4hr RSI crossed below signal line and 50 level. 1hr showing lower high lower low flow. We had support for a few days 130.50/131.00. Bias down but we could bounce from support.

EURAUD - Yesterday we moved up from support and fell back in trend with the EUR news to close the D an inverted hammer that could not go below Wed's low. This could just be a pause bias down remains but a move up would be no surprise.


AUD - D closed negative at the identified resistance area, no 3 bar reversal, we are above the 8lwma (not unexpected after such a strong move up) and RSI has not crossed yet. Could be pause in uptrend or start of move down, D certainly not clearly saying down. No bias.

 


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