AUD Daily and 3-day patternWednesday:- Brown filter the trend guide
Random support the 5-day 50% level during Asian hours, which I ideally I would like to see the AUD move up into the 3-day filter:- resistance.
Pattern probability during US hours could see further weakness back down into Wednesday's lows.
Often to verify a trend reversal is to see a breakout of the 3-day highs, a reversal back down into the 3-day lows, and any new UP trend will be confirmed by support (Wednesday), and then continue higher from Thursday.
EURO Daily and 3-day pattern..
Exact same scenario for the EURO on Wednesday...
Brown filter trend guide
5-day 50% level random support.
Ideally I would like to see price move down into Wednesday's lows to verify support.
GBP Daily and 3-day pattern.
Tuesday high resistance and price looks to be reversing back down into the 5-day 50% level.
Trend guide will be defined by the closing price on Tuesday midnight GMT, or 11am EST AUD.
I preferably like to see GBP move back down on Wednesday and confirm support around the Weekly balance point before any new UP trend occurs from Thursday
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
