Monday, June 10, 2013

10 June

EUR - W closed positive but D closed negative after struggling to break above the resistance level that goes back to Apr/May '12, Dec/Jan '13. 4hr and 1hr looking like they want to go lower, we'll see if the immediate low 1.3190 holds. For now this would be counter trend to D which is above RSI 50 and RSI has not crossed. Short term bias down until D confirms.

GU - Similar to EUR, D appears to have rejected a move above the previous resistance level. 4hr on another lower high. Short term bias downs.

EJ - D the move below the Feb highs seems to have rejected strongly with a large wick hammer.

EURAUD - We have had a gap up which we would expect to see close. So would expect small move down to 1.393- area before uptrend resumes.

AUD - Also gapped down so would expect move up before downtrend resumes.

CAD - A base forming around W M2 1.0180 trend is down we'll see if this level holds.


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