3rd September 2009, AUD, EUR Daily

AUD and Euro Weekly

Both currencies trading around the monthly balance points and with higher daily closes.

Therefore we have higher daily opens below the monthly Balance points.

At this stage this week looks to be consolidating around the 50% levels until Friday closes.

AUD 5-day and spiral filter


Trend guide the Wekly 50% level and the 5-day 50% level, which can lead to a downward bias random length

No probability pattern



Euro 5-day and spiral filter

No probability pattern:- either the Euro continues up and completes R85 pip high

or drops back down into the low, as today's higher open is pushed down from the Monthly balance.