Thursday, September 19, 2013
19 Sep 2013
The FOMC statement caused some big moves which can retrace just as easily as continue. Will not attempt an analysis on this basis.
Wednesday, September 18, 2013
18 Sep 2013
GU - An up and down day closing a shooting star. US session had no follow through on its move lower on 16th. 4hr sideways for now finding support above W M3 and the bottom of the gap up. Retaining up bias until D gives a clearer 3-7 day reversal
pattern.
GBPAUD - D closed negative. 4hr on a lower high and also a higher low. The support yesterday rejecting the move below 1.7000 but against that we did not move up much. Bias down but we could easily flip up.
EJ - D higher low closed positive at the resistance area 132.50. Bias up but we could fall from the resistance level.
EURAUD - Very similar picture to GBPAUD. D closed negative, 4hr on a lower high and higher low, small bounce up from support. Bias down but we could easily flip up.
AUD - D closed positive. 4hr last close was positive so it appears we are on a higher low. Bias up.
GBPAUD - D closed negative. 4hr on a lower high and also a higher low. The support yesterday rejecting the move below 1.7000 but against that we did not move up much. Bias down but we could easily flip up.
EJ - D higher low closed positive at the resistance area 132.50. Bias up but we could fall from the resistance level.
EURAUD - Very similar picture to GBPAUD. D closed negative, 4hr on a lower high and higher low, small bounce up from support. Bias down but we could easily flip up.
AUD - D closed positive. 4hr last close was positive so it appears we are on a higher low. Bias up.
Tuesday, September 17, 2013
17 Sep 2013
GU - Moved down in US session yesterday to close the gap and negative for the day but still above RSI 50 level and 8lwma. 4hr has signaled a scalp sell. Retaining up bias until D gives a clearer 3-7 day reversal pattern.
GBPAUD - D closed a long legged doji, RSI crossed up. 4hr showing some large spikes on news yesterday and this morning. We haven't closed the gap yet. Bias up.
EJ - D closed positive with a large upper wick, RSI flat. 4hr showing clearly the base at 131.60. There is a resistance area at 132.50 should we move up. No bias.
EURAUD - D closed a long legged doji from the support area 1.4250. The gap down has not been closed as yet. 4hr showing the AUD news spike. Still in the 1.4240 - 1.4400 range time will tell who wins out. Bias up.
AUD - D closed a shooting star. 4hr showing a very strong 3 bar reversal pushing lower to close yesterdays gap. bias down.
GBPAUD - D closed a long legged doji, RSI crossed up. 4hr showing some large spikes on news yesterday and this morning. We haven't closed the gap yet. Bias up.
EJ - D closed positive with a large upper wick, RSI flat. 4hr showing clearly the base at 131.60. There is a resistance area at 132.50 should we move up. No bias.
EURAUD - D closed a long legged doji from the support area 1.4250. The gap down has not been closed as yet. 4hr showing the AUD news spike. Still in the 1.4240 - 1.4400 range time will tell who wins out. Bias up.
AUD - D closed a shooting star. 4hr showing a very strong 3 bar reversal pushing lower to close yesterdays gap. bias down.
Monday, September 16, 2013
16 Sep 2013
GU - The hanging man/doji close on Thursday was not the start of move down, just a
pause in uptrend. Gapped up and would normally expect gap to be closed before trend resumes. Bias up but the gap up could cause a few issues.
GBPAUD - D closed positive, RSI crossed up. 4hr on higher high higher low. Gapped down this morning. Bias up.
EJ - D closed a large doji, RSI flat. 4hr on lower high but showing the double bottom.. No bias.
EURAUD - D closed positive but within the previous days highs. Gapped down and Asian session pushed lower but already retraced up over 100 pips from last weeks lows. For now 1.4240 - 1.4400 the range time will tell who wins out.
AUD - D closed negative with a lower wick, Thursdays low holding. Gapped up this morning, then pushed higher, retraced almost 80 pips already.
GBPAUD - D closed positive, RSI crossed up. 4hr on higher high higher low. Gapped down this morning. Bias up.
EJ - D closed a large doji, RSI flat. 4hr on lower high but showing the double bottom.. No bias.
EURAUD - D closed positive but within the previous days highs. Gapped down and Asian session pushed lower but already retraced up over 100 pips from last weeks lows. For now 1.4240 - 1.4400 the range time will tell who wins out.
AUD - D closed negative with a lower wick, Thursdays low holding. Gapped up this morning, then pushed higher, retraced almost 80 pips already.
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.
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.
Thursday, September 12, 2013
12 Sep 2013
GU - D closed positive stopping at the Nov '12 lows. Could react lower from here but bias up.
GBPAUD - Aus employment much worse than forecast causing a big move higher this morning. It seems the Big Boys that stopped selling knew more than the news agencies.
EJ - D closed small negative inside bar. The 4hr RSI cross lower and lower high after divergence played out nicely. Short term bias down until D confirms.
EURAUD - Aus employment much worse than forecast causing a big move higher this morning. It seems the Big Boys that stopped selling knew more than the news agencies.
AUD - Aus employment much worse than forecast causing a big move lower this morning.We'll have to see if move can follow through.
GBPAUD - Aus employment much worse than forecast causing a big move higher this morning. It seems the Big Boys that stopped selling knew more than the news agencies.
EJ - D closed small negative inside bar. The 4hr RSI cross lower and lower high after divergence played out nicely. Short term bias down until D confirms.
EURAUD - Aus employment much worse than forecast causing a big move higher this morning. It seems the Big Boys that stopped selling knew more than the news agencies.
AUD - Aus employment much worse than forecast causing a big move lower this morning.We'll have to see if move can follow through.
Wednesday, September 11, 2013
11 Sep 2013
GU - D closed positive at the June highs resistance level. 4hr higher high higher low with negative divergence. A simple case of trend v resistance and we don't know which will win this time. Bias up until price action confirms otherwise.
GBPAUD - D closed negative at the June/early July highs. 1hr shows the multiple bottoms. We'll need to see the reaction today but the US session did not take us lower yesterday. The past few days has been 1 day down 1 day up. Bias down until price action confirms otherwise (and it looks likely).
EJ - D closed positive. Bias up but potential to fall from resistance, May high.
EURAUD - D closed negative at the identified support level. Clear support at 1.4240 and the US session could not take us lower. 1hr shows the multiple bottoms. Bias down until price action confirms otherwise (and it looks likely).
AUD - D closed positive. 4hr a hanging man at the end of a run up, a bearish candle.Turn looks likely.
GBPAUD - D closed negative at the June/early July highs. 1hr shows the multiple bottoms. We'll need to see the reaction today but the US session did not take us lower yesterday. The past few days has been 1 day down 1 day up. Bias down until price action confirms otherwise (and it looks likely).
EJ - D closed positive. Bias up but potential to fall from resistance, May high.
EURAUD - D closed negative at the identified support level. Clear support at 1.4240 and the US session could not take us lower. 1hr shows the multiple bottoms. Bias down until price action confirms otherwise (and it looks likely).
AUD - D closed positive. 4hr a hanging man at the end of a run up, a bearish candle.Turn looks likely.
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