Tuesday, October 14, 2014

14 October 2014

This week, there will be no bank rate decisions.

EU rose to 1.2770 (W R1 1.2775) after opening at 1.2630. Bias up. Buy on dip.
Daily - Previous day candle closed with an engulfing bullish candle, crossed below 8 lwma, RSI above 50.
H4 - Higher low, above 8 lwma, RSI above 50, above signal. W P 1.2642, W M4 1.2850, W R2 1.2924.




GU moved within 1.6050 and 1.6120. No bias. Might bounce from support.
Daily - Previous day candle closed with an inside bar, crossed below 8 lwma, RSI below 50.
H4 - Lower high and higher low, below 8 lwma, below signal, RSI below 50. W P 1.6084, W M2 1.6012, W S1 1.5941.



No comments:

Post a Comment