Monday, August 19, 2013

19 Aug 2013

EUR - D closed a negative doji rejecting the upper resistance level, potentially forming right shoulder on a head and shoulders pattern, still above the 8lwma and RSI 50 level. 4hr on higher high higher low. The W pivot is just above the 1.3300 support level and we'll need to see the reaction there.

GU - D closed with a very small range, Thurs large candle not following through. 4hr showing negative divergence. Whilst we could fall bias remains up.

EJ - Sideways for almost the whole week in the 129.50 - 130.50 range. No bias.

EA - D closed negative at the lows of recent range, which we are testing at the moment. We can bounce up from support but bias down.

AUD - D closed positive at the highs of recent range, which we are testing at the moment. We can move down from resistance but bias up.


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