AUD Weekly and 3-day patternAUD moved back up into Weekly highs, but I expected the 3-day filter to resistance any rises on Wednesday….
Thursday
3-day filter along with the April highs are the trend guides on Thursday.
no probability for price to continue higher, as price is trading around resistance, but if it's above the filter it can go higher
Euro Weekly and 3-day patternNo probability pattern on Wednesday sent price back down into 1.3150 once again
Currently there is robust support around this level.
If there are going to be any higher moves on the Euro after Wednesday’s support, then it should be trading above the 5-day 50% level once again.
I’m not expecting any major upside move, but a move back towards the Weekly 50% level @ 1.3327
Max move is back towards the 3-day filter high @ 1.3391
GBP Weekly and 5-day pattern
Expectation GBP would push up into the Weekly highs played out and stalled for most of the trading day until a late push higher in the last 4 hours of trading.
With Wednesday’s close above the 5-day highs I now view GBP following the pattern higher on Thursday and probably continue towards April's highs into Friday.
Simply trade on the side of the blue filter @ 1.4982...
3-day filter on Thursday random resistance.
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
