22 Aug 2013

EUR - The June high resistance level won out and D closed negative partly on the back of the FOMC statement. D showing negative divergence but still on higher high higher low. If the US news was such a game changer why not a stronger reaction lower? We can go either way no bias.

GU - Did nothing for the day until the FOMC statement which started a move down and D closed a doji, small range. D negative divergence. Asian session followed through lower breaking the 4hr higher high higher low flow. 4hr negative divergence. We can go either way but I suspect down.

EJ - Another day of sideways drift, D closing a shooting star respecting the upper range. Asian session moved up strongly to test 131.00. I suspect up but no bias.

EA - D closed positive on the back of the FOMC statement. 4hr higher high higher low with negative divergence. The 1.4900/5000 resistance area may win out, 4hr may be running out of steam but bias up until flow confirms otherwise.

AUD - D closed negative, 4hr remains lower high lower low. We have bounced up from the same area that had the higher low on 7 Aug (clear from 4hr), I suspect a rally in down trend. Bias down.