AUD Weekly and 5-day pattern
Trend is down and I would continue to look to short-trade the 3-day filter (yellow), in early trading on Tuesday:-minimum move 41 pips
However, based on this week's move, there could be a spike upwards into the Weekly 50% level, even a higher daily close.
But that UP move might not happen until later today during the US timezone.
Limit shorts above Yellow filter.
Euro Weekly and 5-day pattern
Same applies on the Euro, as Today's up move has closed or failed to move higher that last week's 5-day low breakout (3-day cycle white). (Same in the AUD)
That can push the Euro down in early trading, but follow a higher daily close by US timezone if above the 3-day filters
Use the Yellow filter as a trend guide.
- All Daily forex reports are written before11.00am Sydney Time, which is approximately Midnight GMT
