AUD Monthly and Weekly
AUD completing a 3rd Quarter move into August highs and 3-Quarter highs @ 85.38.
Next month it will be trading the 5-day patterns using the September levels.
The Trend guide and support on the AUD will be the Weekly 50% level with a bias to move upwards
AUD 5-day pattern and 85 pip spiral filterFriday moved upwards, and Monday looks like moving in a sideways pattern of 85 pip rotation using the 5-day 50% level as support and trend guide.....
Support 83.77
EURO Monthly and Weekly
Euro range bound within the monthly range with a potential point towards the 3rd Quarter highs.
However, an ideal set-up to trade that move upwards without getting stopped out?
The ideal pattern would be simply to use the Weekly 50% level as support.
If the euro is going to move higher then it won't spend too much time below the monthly BP in September.
If that pattern occurs then the view is for a trending pattern into the 3rd quarter highs, obviously the September highs have to breakout.
Note:- Weekly timeframe won't close until the end of next week to there could be another 5-days of consolidation before a higher move occurs.
Euro 5-day pattern and spiral filter
pink filter support @ 1.4291...
note:- there could be a dip down into another spiral low @ 1.4267
Support 1.4237
Note:- there won't be any Monday Daily report.
Next Daily report will be on Tuesday
