Wednesday, May 29, 2013

29 May

EUR - Downtrend still in place, support and resistance levels highlighted. Price moved up to the previous highs and gave 3 1hr candles to signal move back to trend (doji, shooting star, doji). 1hr lower high lower low in place. Bias down.

GU - D lower high close. Bounce Asian session from the support area, W M2 1.5068. No reason to believe this is anything other than a rally in downtrend. Very similar situation to EUR, bias down.

EJ - Uptrend has resumed. Bias up.

EA - No sign of uptrend failing, next identified resistance level I have is 1.3650. Stalled at the previous high.

AU - Below the June '12 low. The reaction last week to the low was nothing like June's. Will need to see if the break below the resistance level can hold.

NU - Divergence at the lows, 1 hr has been chopping a tight range for a few days now.

UC - D higher low seems in place after reject of resistance level 1.0365. 1hr higher high higher low flow in place.








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