9 July 2013

EUR - D closed positive after Fri's lows/W M2 held. RSI below 50 level but crossed up, still below the 8lwma. 4hr counter trend buy signal (multiple candle lows, RSI cross up on a 3 bar reversal) yesterday stalled at the lows of 4 July possibly acting as resistance and potentially on a lower high. A 4hr positive close here would be a higher low. Other than that bias down.

GU - A very similar picture to EUR.

EJ - After a strong positive close on 5th it should have followed through higher, D closed a doji. No bias can go either way.

EURAUD - D closed negative, 3 bar reversal. 4hr candle still open so has not yet confirmed the 1hr lower high. Yesterdays low and W M2 in the same area which can act as support but bias down.

AUD - D closed positive showing divergence. 4hr shows how last weeks low/W M2 held. 4hr on open candle appears to be on a higher low. The counter trend buy signal (double bottom at W pivot, RSI cross, 3 bar reversal) also worked nicely. Bias up.