This left traders swing trading intra-day patterns using some probability patterns of 3-day filters, 4 hour patterns and move from 50% levels outward & inward
There is still a larger Primary trend that needs to complete into lower lows, and that should begin from April.
AUD Monthly
The downtrends will simply be defined by the single quarter balance points in April
If Prices are below, then the view is for the continuation down.
If prices begin to consolidate above then the 2nd Quarter BP, price could be moving back towards the 3-months.
Therefore in the mean time I would continue to treat currencies with the same 5-day swing patterns over the next 2 weeks until the 2nd Quarter begins.
Euro Monthly
In the short-term Euro looks to be moving back towards the March 50% level.
But I think it will continue to have the same patterns:- 5-day highs sell price down, and each down move makes a higher low...
and each up move will follow the 5-day pattern higher into the Monthly 50% levels.
We just need to trade the same patterns using the 3-day filter and 5-day pattern.
GBP Monthly
Slowly rising upwards into the close of this month, and then the April Balance point should set up the next 2 month trend.
based on the Primary Yearly timeframe:- lower
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
