AUD Weekly and 3-day patternThe start of a new year but I would like to see where Friday closes before making a calculated 'guess' on the direction of the AUD for the first Quarter.
Expectation was that price would be moving towards the January 50% level has now completed.
If Friday closes above the January 50% then the bias is to continue upwards, which could result in a 2-month wave upwards.
Friday:- Breakout of Wednesday's highs therefore the expectation is to continue higher...
5-day 50% level support (3-day filter random resistance)
Euro Weekly and 3-day patternExpectation that the Euro would be moving down into the January 50% level.
At this stage I would trade on the side of the blue filter for a move down towards Friday's lows(January 50%)
5-day 50% level resistance
GBP Weekly and 3-day patternFriday:- simply trade on the side of the 5-day 50% level and 3-day filter.
No probability on direction
Weekly reports out tomorrow
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
