25th Feb 2009 AUD, EUR, GBP/USD part 3

Forex 23:00 AUD ,EURO, GBP

4 hour up move from 3pm up into 7pm completed the moves into the 3-day high filters in both the AUD and GBP, but Euro failed to reach.

7pm down over the next 4 hours into 11pm (EST Australian Time) and the Daily HOOK patterns are beginning to fail, as prices move below the support zones.

If there is going to be any higher moves on Forex, it will have to align late in the US timezone.

Next 4 hour period needs to settle back above support, but at this stage knowing how Weekly HOOK patterns play out, prices rarely move back below the 5-day 50% levels.