Sunday, January 12, 2014

13 January 2014

The first week of the year where we might expect volumes to be back to normal. We are typically cautious trading on a Monday morning.

GU - Whilst the W closed positive it ended with the D a doji that could make no progress higher. The 4hr was on a higher low higher high but NFP on Friday was volatile. We are at a resistance level (see the body highs from last 2 weeks and 18 Dec high) so no bias can go either way.

 

EJ - The D chart and the 4hr chart (see post below) show clearly the 142-143 range. No bias.



EURAUD - D closed negative, a lower high, 3 bar reversal, RSI below 50 level. Whilst we are at a support level bias down.



AUDUSD - D closed positive at a resistance level. Bias up.

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