10th October 2009 AUD Euro GBP Weekly



AUD Monthly and Weekly

AUD has completed the move into October highs and the will start around resistance and a higher Weekly open.

Because Friday didn't reach the 5-day highs, there could be a push upwards early in the week, but if looking for 'short' trading patterns price needs to be trading below the October highs and below the 5-day 50% level.



Euro Monthly and Weekly

September high breakout should continue up towards the October highs.

Normally a 3-month high breakout will continue higher based on each Quarterly timeframe, because the 3-month cycle breakout occured in the last month of the Quarter, then expectaton is that price can only last 1 month:- from 1 quarter into the next Quarter.

GBP Monthly

Following the 2nd month pattern down into October support.