AUD Weekly and 3-day pattern.
Expectation of higher prices this week, with price above the Monthly 50% levels and bouncing off the Weekly 50% level and heading towards the Weekly highs.
This week’s pattern has played out, and I will need to see Friday’s close to get a better idea about this months’ trend.
Currently price is trading around higher levels : resistance and along with a higher Weekly open next week could see a rotation back down into the 50% levels.
Thursday breakout could see a move towards Friday’s 3-day filter highs:- resistance.
Euro Weekly and 3-day pattern.
Bullish on the euro and Thursday’s 4 hour close above the 3-day filter set up a nice rally into the 5-day highs.
There looks like more upside to go towards the Weekly highs
Support the 5-day 50% level
GBP Weekly and 3-day patternContinues upwards, but sadly the retest of the April 50% level on Thursday to re-enter any up moves didn't play out.
Next set-ups from Monday after this week closes.
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
