27 November 2014

This week, there will be no central bank rate decisions, only US Prem GDP (25th Nov, Tuesday) and OPEC meeting (27th Nov, Thursday).

Yesterday EU rose from W Pivot 1.2454 to W R1 1.2533 and was rejected off W R1. Might fall from resistance played out. No bias. Might bounce from support.
Daily - Previous day candle formed a white candle, above 8 lwma, RSI above 50.
H4 - Higher high, higher low, above 8 lwma, RSI above 50, above signal. W S1 1.2308, W P 1.2454, W R1 1.2533.

Yesterday GU broke W R1 1.5729 and rose to the high of W R2 1.5806 before closing near the high. Bias up played out. Buy on dips.
Daily - Previous day candle closed with a big white candle, above 8 lwma, RSI above 50.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 70. W R1 1.5729, W R2 1.5806, W R3 1.5876.

26 November 2014

This week, there will be no central bank rate decisions, only US Prem GDP (25th Nov, Tuesday) and OPEC meeting (27th Nov, Thursday).

Yesterday EU rose to close near the high of 1.2490. No bias. Might fall from resistance.
Daily - Previous day candle formed a hammer, below 8 lwma, RSI below 50.
H4 - Higher high, higher low, above 8 lwma, RSI above 50, above signal. W S1 1.2308, W P 1.2454, W R1 1.2533.

Yesterday GU rose to the high of W R1 1.5729 from W P 1.5659 before closing near the high. Bias up. Buy on dips.
Daily - Previous day candle closed with a doji with long lower wick, above 8 lwma, RSI below 50.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 50. W S1 1.5582, W P 1.5659, W R1 1.5729.

25 November 2014

This week, there will be no central bank rate decisions, only US Prem GDP (25th Nov, Tuesday) and OPEC meeting (27th Nov, Thursday).

Yesterday EU recovered from a gap down and rose all to the way to close just below W Pivot 1.2454. Bias down. Sell on rallies.
Daily - Previous day candle formed a full white body candle, below 8 lwma, RSI below 50.
H4 - Higher high, higher low, above 8 lwma, RSI below 50, above signal. W S1 1.2308, W P 1.2454, W R1 1.2533.

Yesterday GU rose to the high of 1.5715 before closing near the high. Bias up. Buy on dips.
Daily - Previous day candle closed with an engulfing bullish candle (3-bar reversal), above 8 lwma, RSI below 50.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 50. W S1 1.5582, W P 1.5729, W S1 1.5806.

21 November 2014

On Wednesday, BOE minutes showed splits among those who favoured keeping rates Unchanged while FOMC release didn't show any big shift in policy.

Yesterday EU moved within 1.2500 and 1.2575. Long was closed before FOMC. Bias up.
Daily - Previous day candle formed a doji, above 8 lwma, RSI above 50.
H4 - Lower high, higher low, above 8 lwma, RSI above 50, above signal. W P 1.2488, W R1 1.2580, W R2 1.2640

Yesterday GU dropped to 1.5630 beofre rose to test W P 1.5734. No bias.
Daily - Previous day candle closed with a doji, above 8 lwma, RSI below 50.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 50. W P 1.5734, W S1 1.5523, W S2 1.5381

20 November 2014

Yesterday, BOE minutes showed splits among those who favoured keeping rates Unchanged while FOMC release didn't show any big shift in policy.

Yesterday EU tested 1.2600 during FOMC released, yet subsequently dropped to 1.2550. Long was closed before FOMC. Bias up.
Daily - Previous day candle formed a doji, above 8 lwma, RSI above 50.
H4 - Lower high, higher low, above 8 lwma, RSI above 50, above signal. W P 1.2488, W R1 1.2580, W R2 1.2640

Yesterday GU rose after BOE minutes and closed near the high at 1.5670. Bias down.
Daily - Previous day candle closed with an engulfing bullish candle, below 8 lwma, RSI above 30.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 30. W P 1.5734, W S1 1.5523, W S2 1.5381

19 November 2014

Today, there will FOMC meeting minutes on Wednesday (19th November 2014) and also MPC bank rate votes.

Yesterday EU rose from the low of 1.2440 to 1.2540. Long was closed before FOMC. Bias up.
Daily - Previous 2-days candle formed a tweezer bottom, above 8 lwma, RSI above 50.
H4 - Higher high, higher low, above 8 lwma, RSI above 50, above signal. W S1 1.2430, W P 1.2488, W R1 1.2580.

Yesterday GU moved within 1.5620 and 1.5670 before closing near the low. Bias down.
Daily - Previous day candle closed with a gravestone doji, below 8 lwma, RSI below 30.
H4 - Lower high, lower low, below 8 lwma, below signal, RSI near 30. W P 1.5734, W S1 1.5523, W S2 1.5381

18 November 2014

This week, there will FOMC meeting minutes on Wednesday (19th November 2014) and also MPC bank rate votes.

Yesterday EU dropped to the low of 1.2440. Bias up didnt play out. A long was taken near weekly Pivot.
Daily - Previous day candle closed with an inverted black hammer, below 8 lwma, RSI below 50.
H4 - Lower high, below 8 lwma, RSI below 50, below signal. W S1 1.2430, W P 1.2488, W R1 1.2530.

Yesterday GU dropped to the low of 1.5620. Bias down played out. Sell on rallies. Missed the short trade.
Daily - Previous day candle closed with a long upper shadow, below 8 lwma, RSI below 30.
H4 - Lower high, below 8 lwma, above signal, RSI below 50. W P 1.5734, W S1 1.5523.

17 November 2014

This week, there will FOMC meeting minutes on Wednesday (19th November 2014) and also MPC bank rate votes.

Last week EU moved within 1.2390 and 1.2550 before closing near the high. Bias up. Buy on dips.
Daily - Previous day candle closed with a big hammer, above 8 lwma, RSI above 50.
H4 - Higher high, above 8 lwma, RSI above 50, above signal. W S1 1.2430, W P 1.2488, W R1 1.2530.

Last week GU dropped to the low of 1.5600 before recovered to close at W S2 1.5660. Bias down. Sell on rallies.
Daily - Previous day candle closed with a hammer, below 8 lwma, RSI below 30.
H4 - Lower low, lower high, above 8 lwma, above signal, RSI below 50. W P 1.5734, W S1 1.5523.

10 November 2014

This week, there will be no rate decisions from central banks.

Last week EU dropped to the low of 1.2350 before recovered to close at 1.2450. Bias down. Sell on rallies.
Daily - Previous day candle closed with a big white candle, below 8 lwma, RSI below 50.
H4 - Higher low, higher high, above 8 lwma, RSI above 50, above signal. W P 1.2463, W S1 1.2349.

Last week GU dropped briefly below W S2 1.5796 before recovered to 1.5860. Bias down. Sell on rallies.
Daily - Previous day candle closed with a hammer, below 8 lwma, RSI below 50.
H4 - Higher low, higher high, above 8 lwma, above signal, RSI below 50. W P 1.5893, W S1 1.5765.

3 November 2014

This week, there will be BOE GBP bank rate decision (6th November, Thursday) and US NFP (7Th Bovember, Friday).

Last Friday, EU dropped to test W S2 1.2481. Bias down. Sell on rallies.
Daily - Previous day candle closed with a big black candle, below 8 lwma, RSI below 50.
H4 - Lower high, lower low, below 8 lwma, RSI below 30, below signal. W P 1.2592, W S1 1.2415, W S2 1.2307.

Last Friday, GU dropped to test 1.5940 again before recovered to W S1 1.6000. Bias down. Might bounce from support.
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 below 50 (with bullish divergence). W P 1.5037, W S1 1.5892, W S2 1.5796