2nd Feb 2009 AUD, EUR, GBP/USD Daily
AUD Weekly and Daily
The view is for currencies to move lower in February, but it's hard to short a lower Weekly open.
There is no probability on shorts unless there is a 2-day up swing into the higher timeframe 50% levels.
For day traders simply trade the levels in the 3-day chart.
3-day filter random resistance
EURO Weekly and 3-day pattern
Same expectation on the Euro:- lower prices this month, but it's hard to short unless it moves upwards.
3-day filter random resistance.
GBP Weekly and 3-day pattern
Ideally I would like to see GBP move up early this week and then reverse back down.
The Weekly 50% levels are your trend guides...
Note:- random support 5-day 50% level and Weekly balance point.
3-day filter random resistance