UC running into support - closes on the 100day

13 de jul. de 2016UC closed tonight a fraction below its 13 day at 1.2979 & 100 day MA at 1.2981. Probably not far enough below it yet to signal a stronger down move, but move lower runs into the lower trend line, and the 34 & 50 day MA'sbtwn 1.2925-1.2944. Breaks below these levels airdrops back to recent lows 1.2850.
Upside resistance the shorter timeframe Ma's at 1.3020-1.3030

14 de jul. de 2016

Comentário

target hit perfectly this morning to 1.2925, this has been a big level since May so need to see a close below to green light lower to 1.28. trend line is broken tho and macd confirming so expecting sling shot lower.

15 de jul. de 2016

Comentário

UC hit 1.2868 which whilst not quite 1.2850 target, see this mornings action as friday profit taking and expect downtrend to resume. if we can breach the 1.2850 then favour a slingshot lower to 1.2675