Thursday, June 20, 2013

20 June '13

General comment.

Very little for trend traders yesterday prior to the FOMC statement.

Bernanke's statement strengthened the US$. Now we have to see if the over sized D candle closes have follow through. Often these large D candles are followed by a pause before continuing in trend.

EUR - Engulfing D close bias down.

GU - Yesterdays D RSI cross did follow through lower with the news move. Bias down.

EJ - D RSI cross did follow through higher. Bias up.

EURAUD - Bias up.

AUD - Bias down.






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