FOREX AUD,EURO,GBP 9th Oct 08

AUD & Euro 3-day patterns

AUD:- Wednesday low breakout so expectation price can continue down into Thursday's lows.

However use the brown filter, as price can move up and re-test the breakout (50%) level, before it continues down.

EURO:- simply trade on the side of the 3-day filter.

As yesterday's Wednesday high rejection and back below the 3-day filter looks to be sending the Euro back down into Thursday's lows


GBP:- Below Wednesday's lows looks to be pushing down into Thursday's lows.

3-day filter resistance

  • All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
  • Exact levels shown for current day aren't confirmed until midnight GMT


    •