31 October 2014

Yesterday (29th October 2014) Fed ended the open ended asset purchase program and maintained interest rate near zero.

EU dropped below W S1 1.2575 to the low of 1.2550, yet has since recovered to 1.2610. Bias down. Sell on rallies.
Daily - Previous day candle closed with a hanging man, below 8 lwma, RSI below 50.
H4 - Lower high, below 8 lwma, RSI above 30, below signal. W P 1.2707, W S1 1.2575, W S2 1.2481.

GU dropped to 1.5950 before recovered to W S1 1.6000. Bias down. Sell on rallies.
Daily - Previous day candle closed with a doji with longer wick below, below 8 lwma, RSI below 50.
H4 - Lower high, below 8 lwma, below signal, RSI above 30. W S2 1.5898, W S1 1.59993, W P 1.6088

30 October 2014

Today (29th October 2014) Fed ended the open ended asset purchase program and maintained interest rate near zero.

EU dropped from 1.2770 to 1.2630 after FOMC statement. Bias down. Sell on rallies.
Daily - Previous day candle closed with an engulfing bearish candle, below 8 lwma, RSI below 50.
H4 - Lower low, below 8 lwma, RSI below 30, below signal. W P 1.2707, W S1 1.2575, W S2 1.2481.

GU dropped from1.6160 near W R1 1.6183 to W S1 1.5999 after FOMC statement. Bias down. Sell on rallies.
Daily - Previous day candle closed with a big black body, below 8 lwma, RSI below 50.
H4 - Lower low, below 8 lwma, below signal, RSI below 30. W S2 1.5898, W S1 1.59993, W P 1.6088

29 October 2014

This week, there will be FOMC statement and USD funds rate decision on Wednesday (29th October 2014)

EU rose again to the high of 1.2765 and was rejected to below 1.2735. No bias. FOMC pending.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI above 50.
H4 - Higher low, lower high, above 8 lwma, RSI above 50, above signal. W S1 1.2575, W P 1.2707, W R1 1.2801

GU rose yet was rejected of W R1 1.6183. No bias. FOMC.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI above 50.
H4 - Higher low, above 8 lwma, above signal, RSI above 50. W S1 1.59993, W P 1.6088, W R2 1.6278

28 October 2014

This week, there will be FOMC statement and USD funds rate decision on Wednesday (29th October 2014)

EU rose to the high of 1.2720 and was rejected to below W P 1.2707. Range bounce. No bias.
Daily - Previous day candle closed with a white body, below 8 lwma, RSI below 50.
H4 - Higher low, lower high, below 8 lwma, RSI above 50, above signal. W S1 1.2575, W P 1.2707.

GU rose to the high of 1.6145 and was rejected. Bias up. Buy on dips.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI above 50.
H4 - Higher low, above 8 lwma, above signal, RSI above 50. W S1 1.59993, W P 1.6088.

27 October 2014

This week, there will be FOMC statement and USD funds rate decision on Wednesday (29th October 2014)

EU rose to the high of 1.2695. No bias. Might bounce from support.
Daily - Previous day candle closed with a white body, below 8 lwma, RSI below 50.
H4 - Higher low, lower high, below 8 lwma, RSI just above 50, above signal. W S1 1.2575, W P 1.2707.

GU rose to the high of 1.6098. Bias up. Buy on dips.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI below 50.
H4 - Higher low, higher high, above 8 lwma, above signal, RSI above 50. W S1 1.59993, W P 1.6088.

24 October 2014

This week, there will be no bank rate decisions (only BOE bank rate votes on 22nd October, Wednesday).

EU moves within 1.2615 and 1.2675. W S1 1.2624 was tested. Might bounce from support.
Daily - Previous day candle closed with a doji, below 8 lwma, RSI below 50.
H4 - Lower low, lower high, below 8 lwma, RSI below 50, below signal. W S1 1.2624, W S2 1.2488.

GU moves within 1.6000 and 1.6060. Bias down. Might bounce from support.
Daily - Previous day candle closed with a black body, below 8 lwma, RSI below 50.
H4 - Lower high, below 8 lwma, below signal, RSI below 50 (with bullish divergence). W P 1.6030, W S1 1.5934.

23 October 2014

This week, there will be no bank rate decisions (only BOE bank rate votes on 22nd October, Wednesday).

EU continues the drop to 1.2650. Bias down played out. Might bounce from support.
Daily - Previous day candle closed with another black body, below 8 lwma, RSI below 50.
H4 - Lower low, below 8 lwma, RSI below 30, below signal. W P 1.2755, W S1 1.2624, W S2 1.2488.

GU continues the drop to 1.6010 before finding support at W P 1.6030. Might bounce from support.
Daily - Previous day candle closed with a black body, below 8 lwma, RSI below 50.
H4 - Lower high, below 8 lwma, below signal, RSI below 50. W P 1.6030, W S1 1.5934.

22 October 2014

This week, there will be no bank rate decisions (only BOE bank rate votes on 22nd October, Wednesday).

EU was rejected off previous high 1.2840 again before dropped to 1.2710. Yesterday bias up didn't play out. Missed out H1 trade. Bias down. Might bounce from support.
Daily - Previous day candle closed with an engulfing bearish candle, below 8 lwma, RSI below 50.
H4 - Lower low, below 8 lwma, RSI below 50, below signal. W P 1.2755, W S1 1.2624, W S2 1.2488.

GU was rejected off W R! 1.6186 to 1.6120. Yesterday bias up didn't play out. No bias. Might bounce from support.
Daily - Previous day candle closed with a long upper shadow, above 8 lwma, RSI above 50.
H4 - Lower high, above 8 lwma, below signal, RSI below 50. W P 1.6030, W S1 1.5934.

21 October 2014

This week, there will be no bank rate decisions (only BOE bank rate votes on 22nd October, Wednesday).

EU bounced from 1.2735 to 1.2815 before closing near the high. Bias up. Buy on dips.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI above 50.
H4 - Higher low, above 8 lwma, RSI above 50, above signal. W P 1.2755, W S1 1.2624.

GU rose from opening 1.6080 to the high near W R! 1.6186. Bias up. Buy on dips.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI above 50.
H4 - Higher low, above 8 lwma, above signal, RSI above 70. W P 1.6030, W R1 1.6186, W R2 1.6282

20 October 2014

This week, there will be no bank rate decisions (only BOE bank rate votes on 22nd October, Wednesday).

EU moved within 1.2740 and 1.2840 for the past two days. No bias. Might bounce from support.
Daily - Previous day candle closed with a black body, above 8 lwma, RSI above 50.
H4 - Lower low, lower high, below 8 lwma, RSI below 50, below signal. W P 1.2755, W S1 1.2624.

GU dropped to 1.6028 before rose to the high of 1.6125. No bias. Might bounce from support.
Daily - Previous day candle closed with a doji, above 8 lwma, RSI below 50.
H4 - Higher low, above 8 lwma, above signal, RSI above 50. W P 1.6030, W R1 1.6186.

16 October 2014

This week, there will be no bank rate decisions.

EU rose from W P 1.2641 to the high of 1.2885 in an extremely volatile market. Bias up. Buy on dips.
Daily - Previous day candle closed with a big engulfing bullish candle, crossed above 8 lwma, RSI above 50.
H4 - Higher low, above 8 lwma, RSI above 70, above signal. W R1 1.2775, W R2 1.2924, W R3 1.3057

GU rose from W M1 1.5875 to the high of W P 1.6083. Bias up. Might bounce from support.
Daily - Previous day candle closed with an white inside bar, below 8 lwma, RSI below 50 (yesterday bullish divergence played out).
H4 - Higher low, above 8 lwma, above signal, RSI above 50. W S1 1.5941, W P 1.6084, W R1 1.6214.

15 October 2014

This week, there will be no bank rate decisions.

EU dropped from W R1 1.2775 to W P 1.2641. No bias. Might bounce from support
Daily - Previous day candle closed with a black body candle, crossed below 8 lwma, RSI below 50.
H4 - Range bound (lower high), below 8 lwma, RSI below 50, below signal. W S1 1.2492, W R2 1.2924.

GU dropped from W P 1.6084 to 1.5900. Bias down. Might bounce from support.
Daily - Previous day candle closed with an engulfing bearish candle, crossed below 8 lwma, RSI below 30 (with bullish divergence).
H4 - Lower low, below 8 lwma, below signal, RSI below 30. W S2 1.5811, W S3 1.5668.