10 Sep 2013

GBPAUD - D closed a shooting star. 4hr lower high lower low flow continues. We are approaching the June/early July highs. Bias down potential to bounce from support.

EJ - D closed positive at the upper resistance level. So far little reaction at the highs compared to last week. Bias up but potential to fall from resistance.

EURAUD - D closed positive and Asian session move down has brought us back to the lows. Trend is down. Support area 1.4300/4250. bias down but support could hold.

AUD - D closed positive. 4hr higher high higher low. Bias up.

9 Sep 2013

GBPAUD - D negative close within the Wed/Thurs range, a lower wick that for now suggests a problem going lower. 4hr lower high lower low flow, RSI crossed up and positive divergence now showing. Can go either way, no bias.

EJ - D negative close with a large lower wick. Essentially we remain sideways and can go either way. No bias.

EURAUD - D closed a hammer bouncing form the 11 June high. Still below the 8lwma, RSI still crossed lower and below 50 level. 4hr did show positive divergence at the Fri low and we have had some move up. The 4hr flow is still showing lower high lower low flow. We can move higher from support levels but bias down until price action confirms.

AUD - D closed positive but within last weeks range and the Aug highs. We can move lower from resistance but bias remains up until price action confirms.

6 Sep 2013

US none farm payroll today.

GBPAUD - Wed's low held, D closed positive but with a large upper wick, below 8lwma and RSI below 50 level. 4hr has crossed up for a scalp buy signal. No bias.

EJ - Also an up and down day that closed negative. 4hr RSI crossed below signal line and 50 level. 1hr showing lower high lower low flow. We had support for a few days 130.50/131.00. Bias down but we could bounce from support.

EURAUD - Yesterday we moved up from support and fell back in trend with the EUR news to close the D an inverted hammer that could not go below Wed's low. This could just be a pause bias down remains but a move up would be no surprise.


AUD - D closed negative at the identified resistance area, no 3 bar reversal, we are above the 8lwma (not unexpected after such a strong move up) and RSI has not crossed yet. Could be pause in uptrend or start of move down, D certainly not clearly saying down. No bias.

 

5 Sep 2013

Interest rate day for UK and EUR. 

GBPAUD - D closed negative as expected. Asian session formed a double bottom, we'll need to see if this holds. Bias down, potential move up from support.

EURAUD - D closed negative in the area of the June highs. Bias down, potential to bounce up from support.

EJ - D closed positive.  RSI crossed up and above 50 level. Bias up.

AUD - D closed positive. Asian session formed the double top. Bias up, potential to fall from resistance.

4 Sep 2013

GBPAUD - D closed negative, after the lower high (30 Aug/2 Sep) the close below the previous swing high 1.7200 (26 Aug) has broken that cycle. 4hr lower high lower low. Bias down.

EURAUD - D closed negative and moved further in Asian session to the Aug lows. Bias down potential to bounce up from support.

EJ - D closed a doji no follow through on Mondays positive close, RSI crossed up and above 50 level. 4hr lower high after divergence had no follow through lower, above 50 level. No bias.

AUD - D closed positive and moved up further in Asian session. Bias up.

3 Sept 2013

GBPAUD - D closed negative but the move below the 1.7300 support level was quickly rejected this morning. Bias down potential to bounce from support.

EJ - D closed positive but no follow through after London open or in US session, stopping at the April highs. 4hr on higher low but showing negative divergence. Lots of conflicting information no bias.

EURAUD - D closed negative but like GBPAUD no follow through really after London open or in US session. Bias down potential to bounce up from support.

AUD - D closed positive but large upper wick. Bias up potential to move lower from resistance.

2 Sep 2013

GBPAUD - D closed positive. Opened this morning with gap down and we have had a move up to close the gap. 4hr showing the sideways channel between 1.7300 and 1.7430 for the last few days. No bias.

EJ - D closed negative with a lower wick. The lower end of the 130.50-129.60 channel holding. No bias.

EURAUD - D closed with a lower wick the 1.4760 support area holding. Gapped down this morning, bias down.

AUD - D closed negative on the previous lows. Gapped up this morning and approaching the 0.8975 level where we sold off last week. We'll have to see if down cycle has broken. Bias up.