17th March 2009 AUD, EUR, GBP/USD

AUD Weekly and 3-day pattern

Currencies pushed upwards on Monday and stalled....

AUD hit the Weekly highs and the March 50% level, if it's valid resistance the AUD along with other currencies should push down.

If currencies are going the break higher, then Tuesday can be the day but there are no set-ups to position trade longs.

For day traders simply trade on the side of the 3-day filter

Euro Weekly & 3-day pattern

Weekly high resistance...

3-day filter is the trend guide either direction.

if it's going to continue higher then the 3-day filter should support price and make am ove upwards during GMT trading...

If it doesn't hold, it's back down into the Weekly 50% level.

Trade the 4 hour patterns.

GBP Weekly and 3-day pattern

3-day filter trend guide:- either direction






  • All Daily forex reports are written after 11.00am Sydney Time, which is approximately Midnight GMT



  • Exact levels shown for current day aren't confirmed until midnight GMT




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