3 June 2013

EUR - D closed negative double top high lower close, RSI above 50 level. 4hr now on higher high higher low. We have a visible support/resistance level from early May at last weeks highs. Short term bias up and we'll see the reaction to 1.3060.

GU - Similar picture to EUR but the D is at a support/resistance level from 17-24 Apr. Bias up but will be looking for reaction at the highs 1.5238 in particular during the US session.

EJ - D close negative near the lows, RSI below 50 level. 4hr shows the tight range for the week 130.20-132.00, RSI also below 50 level. Normally bias would be down, the support area is strong so a bounce would be no surprise.

EA - D closed positive but we gapped down on the open today. 4hr double top with divergence, this run up has had lots of negative divergences, I can only spot 1 lower high following divergence that did work out with a move lower. Bias up if only for the gap to be closed.

AU - D engulfing lower high negative close, normally a strong sell. We gapped up on the open. This is not near the same reaction previously seen on 1 June '12.  Bias down if only for the gap to be closed and then we'll see the reaction to the lows. 

UCAD - D engulfing positive close, above RSI 50 level but did not cross its signal line. 4hr showing a possible head and shoulders. Bias up and then we'll see the reaction to the highs.