4/26/2011 Quarterly CPI (1530 HI time / 2130 EDT)
Previous Revision: n/a
SPIKE / REVERSE
Started @ 1.0389
1st Peak@ 1.0441 – 1535 (5 min)
Reversal to 1.0408 – 1610 (88 min)
Notes: Report was positive, exceeding expectations. This caused a healthy spike, peaking on the 1535 candle, with a follow on peak 6 min later. All three SMAs were crossed on the up spike, but near the origin. The peak of the 1531 candle hit 6 seconds into the spike, then it hovered within 8 ticks of the peak for the rest of the candle. Still wait for the peak around 5-6 min and a follow on at about 11 min with this report. Reversal yielded 33 ticks in about 30 min, crossing the 50 SMA, but unable to reach the 100 SMA.