Thursday, November 27, 2014

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.



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