UK and EUR interest rates and a holiday in America. With many pairs time frames showing conflict probably a good day to stay away.
EUR - D closed a hammer below the RSI 50 level and the 8lwma, positive divergence showing. This broke the 1hr lower high lower low flow. London close had the typical reversal and Asian session gave us a lower high. The D hammer and divergence says up, but not convincing so retaining down bias.
GU - D engulfing positive close, the kind of candle that should follow through higher. Whilst the D candles show the move down running out of steam we have no 4-7 day reversal pattern that we normally get (barring news shocks of course). Moving up would be no surprise but a day or two down/up would be no surprise either. No bias.
EJ - D closed a hammer, the 130.55 highs holding. The 4hr higher high higher low flow broken and we are sitting at the upper trend line. Can go either way, no bias.
EURAUD - D closed positive with an upper wick at the previous highs. The strong Asian move up yesterday morning early did follow through in US session after several hours pause. 4hr flow still on higher high higher low but RSI cross lower has signaled a counter trend sell. 1hr showing signs of flipping over. No bias can go either way.
AUD - D closed negative with positive divergence, 4hr RSI cross has signaled counter trend buy. 1hr showing divergence but I would not buy counter trend in a hurry.
No comments:
Post a Comment