AUD/USD Weekly 27th September 2008

AUD Weekly and Daily charts

Expectation of another 5-day sideways pattern, and then look for a move down from the October 50% level down into the lows once again, once the new month begins from the start of the following week.


Last Week:- 7 trades

3 winners 138 pips

4 losses -60 pips

Most of the trading occurred on Tuesday, whereas the rest of the week most of the robust patterns were occurring during GMT and US trading hours, but really lacked much volatility because of the 5-day sideways pattern.

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YEN:- 6 trades

4 winners :- 101 pips

2 losses:- 32

Most of the money was made on Tuesday's trading, as it was the only day that really provided the spiral patterns during the Asian timezone.

Monday's report after 11am