20th Jan 2009 AUD, EUR, GBP/USD Daily

AUD Weekly and 5-day pattern

Currencies follow the Monthly Trends down and towards the Weekly lows.

Most currencies have moved down into their Tuesday's lows.

Tuesday's lows are random support, which may or may not hold, simply because price is following to Weekly trends down.

No probability pattern on Tuesday


Euro Weekly and 3-day pattern

Monday Reversed down, but there wasn't an ideal set-up to get into the trend, because no 4-hour top matched any of the levels.

Tuesday's random support:- which could see a move back towards the 5-day 50% level.

But the trend is down and heading towards the Weekly lows.

GBP Weekly and 3-day pattern

Tuesday:- A move back into the 5-day 50% level to confirm Monday's breakout would be ideal, but it would need to find some 3pm support...

Otherwise it's breaking Tuesday's lows and the Weekly lows, as it heads down towards the January lows.