7 Aug 2013

EUR - D closed positive, 4hr several upper wicks rejecting the move above 1.3300 again. The bounces lower from this key area are getting smaller suggesting it may fail and we move up. If I was to buy and take that chance I'd be looking for space between entry and the highs and to get stop to break even quickly. No way of knowing, no bias.

GU - D closed a small range shooting star rejecting the identified resistance level, no RSI cross lower, no cross below 8lwma. 4hr showing negative divergence and the struggle at this level for 2 days, RSI has crossed lower for a scalp sell. We have had 1hr lower highs late in US session/early Asian session following the 4hr divergence. Can go either way, no bias.

EJ - D closed negative, 4hr on lower high lower low. A strong move down already during Asian session. Bias down.

EURAUD - D closed a hammer, 4hr reverted to higher low. Bias up.

AUD - D closed positive, RSI crossed up but below 50 level. 4hr stalled below W pivot 0.9019, RSI crossed lower. Might be shaping up that the 2 day move up is a counter trend rally. A 1hr lower high would suggest a sell and bias down.