AUD Weekly and 3-day pattern 8:30amLast week of the Month along with Monday's UP day suggest that currencies and Index markets are rotating up off their November lows and moving back towards their December 50% levels next week.
There has been a HOOK pattern above the Weekly 50% levels, which suggests higher prices by Friday.
However I would like to see Tuesday come down and retest the Weekly 50% level, before continuing higher from Wednesday.
5-day 50% level, and looks to be moving towards Tuesday's highs:- random resistance.
EURO Monthly and Weekly
Last week of the Month along with Monday's UP day suggest that currencies and Index markets are rotating up off their November lows and moving back towards their December 50% levels next week.
There has been a HOOK pattern above the Weekly 50% levels, which suggests higher prices by Friday.
However I would like to see Tuesday come down and retest the Weekly 50% level, before continuing higher from Wednesday.
Euro Weekly and 3-day pattern
Weekly highs and monthly balance point resistance, with price to come back and retest the Weekly 50% level.
5-day 50% level Support on Tuesday
Tuesday's highs resistance
Tuesday's highs resistance
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
