29th April 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Euro hitting major support levels.....

Trend guide the Yellow filter and Weekly lows (1.3181)

Looking at the pattern I would try and pre-empt a move upwards and back towards the MAY 50% level.

However, there is still the possibility that Friday can close lower if there's another push downward (below 1.3181)



AUD Weekly and 5-day pattern

AUD has 3-week low support, but it’s too early to tell whether AUD will continue upwards this week or remain in a 2-day sideways pattern until next week and then push down into the 3-month 50% level in MAY

If AUD had closed on the highs around .9274 then a higher daily open using the 3-week 50% level would provide a short-sell pattern back down towards the 5-day lows on Thursday


Currently there’s no probability pattern for Thursday.

Trend guide the 5-day 50% level @ 9227