1st June 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Based on the current patterns there is no probability pattern for Tuesday.

Trend guide Yellow @ 1.2272

AUD Weekly and 5-day pattern

As per Weekly report, there is an expectation that a break and Extend pattern in the AUD can still play out whilst below 84.23.

Break and extend pattern is based on the Weekly timeframe and last week's retest of the 3-Week 50% level and now below .8423

Yellow Trend guide. 8433

31st MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day range

Last day of the month and price looks to be rotating back towards the June 50% levels.

Trend guide the 5-day 50% level on Monday:- 1.2286-300




AUD Weekly and 5-day pattern

Same expectation as the Euro, however price is trading below the MAY low, which may resist Monday moving higher @ 8663.

Yellow trend guide @ 84.72.

Note:- there is still a break and extend pattern that may occur in the Weekly timeframe:- break out of the Weekly lows and extends down into the Weekly lows, however whilst above the white channel the bias is to rotate towards the June 50% levels

29th MAY USD, Euro, GBP, AUD, Weekly

USD Index

At this stage the expectation is to continue towards the June highs, whilst this puts pressure on the currencies.

Euro Monthly and Weekly

Euro down into June lows, but there is still the possibility that next week consolidates and moves up towards the June 50% level and then sells down the week after.

GBP Monthly and Weekly

Still bearish on GBP, but next week can rise towards the June 50% level using 1.4364 as a trend guide.

AUD Quarterly and monthly

Quarterly low support which matches the Yearly 50% levels.

But unless price is trading above the June 50% levels and 3-Quarterly 50% level price can remain consolidating next week.

28 MAY 2010, Euro, AUD, Daily

AUD Weekly and 5-day range

AUD swinging back towards the MAY low breakout and the Weekly 50% level.

It is too early to tell on the direction, but a Weekly 50% level and 5-day high resistance on Friday will often start the following week with a downward bias.

Resistance:- 8556-93

Above 8593 is a random pattern as it's not in a 'bullish trend or BUY set-up'


Euro Weekly and 5-day pattern

I was expecting more upside this week as part of a rotation towards the June 50% levels.

That might still occur but will need to be helped by a breakout of the 3-day highs.

Trend guide:- Yellow & 1.2248

27 MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern.

Yesterday saw the Yellow filter push the Euro back down into the lows, but below the support level @ 1.2248.

Thursday starts the day below 1.2248.

Trend guide 1.2240-48.

If trading above on Thursday then Treat Thursday as an UP day towards the 5-day 50% level and could go as high as the 3-day highs @ 1.2477






AUD Weekly and 5-day pattern

Yellow trend guide for today.

Yesterday saw a rise into the 3-day highs, as per yesterday's report, and then back down into the 5-day 50% level.

Current patterns in the Weekly timeframe is either down into the Weekly lows or a swing towards the Weekly 50% level and MAY lows, but it looks like consolidating until the end of the Week.

Once again there isn't a high probability set-up for Thursday

26 MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Whilst the Euro remains above 1.2248 on Wednesday the bias is to continue upwards.

Yellow trend guide @ 1.2331



AUD Weekly and 5-day range

Yellow trend guide.

Current patterns in the Weekly timeframe is either down into the Weekly lows or a swing towards the Weekly 50% level and MAY lows.

Once again there isn't a high probability set-up for Wednesday.

If above .8250 the bias is to follow the 3-day range up towards .8378

25 MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day range

The euro has moved down towards the support levels in the Weekly timeframe 1.2248

Any potential higher moves this week will have to have price trading back above the 5-day 50% level.

high risk trading longs below 1.2228.

AUD Weekly and 5-day pattern.

Yellow trend guide.

Current patterns in the Weekly timeframe is either down into the Weekly lows or a swing towards the Weekly 50% level and MAY lows.

Once again there isn't a high probability set-up for Tuesday.

24 MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern

No probability pattern for Monday.

Yellow trend guide.



AUD Weekly and 5-day range

No probability pattern for Monday.

Yellow trend guide.

22th MAY USD, Euro, GBP, AUD, Weekly

USD Index

There is a 2nd Quarter breakout and expectation that price is continuing towards the 2010 highs and 3rd quarter highs.

Short-term has the Weekly 50% level support next week.

If that is the case and the USD Index rises this is going to put pressure back on currencies once again

AUD Quarterly and Weekly

Sell off and move down into the 3-Quarterly lows and Yearly 50% level.

This is seen as major support, however there are a number of lesser timeframe breakout patterns that can see the MAY lows resistance and the trend continues down into the Weekly lows and June lows.

Resistance:- 86.90

Euro Monthly and Weekly

Same applies on the Euro and any short-term weakness using the Weekly 50% level can push down towards 1.2248.

There are breakout patterns in MAY and the 3-Quarterly lows, therefore there is an expectation that price is moving down towards the June lows.

GBP Monthly and Weekly

Same applies on the GBP:- resistance @ 1.4581

21st MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern.
Euro has continued towards the 5-day highs on Thursday after this week’s reversal pattern from the Weekly lows.

Two patterns to close out the Week:-

1- Continues towards Friday’s highs and the Weekly 50% level @ 1.2709

2. Or price can remain below Thursday’s highs (yellow) and consolidate on Friday around the 5-day 50% level.




AUD Weekly and 5-day pattern.

Expectation price is moving down into next week’s lows…

Yellow trend guide for Friday.

Anything above the yellow and it’s part of a late Friday swing towards next week’s 50% level.

20th MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Yesterday's view was above the Yellow and possible swing back towards the 3-day highs.

Thursday:- there is no probability pattern based on the levels in the higher timeframes.

5-day 50% level is the trend guide:- 41 to 85 pips



AUD Weekly and 5-day pattern

Breakout of the lower channels (.8653) and expectation price is heading down into next week's lows.

Ideal pattern would be a swing upwards some time this week (Friday) and use those levels as resistance.

Yellow trend guide @ 8515.

Price can continue down into Thursday's lows, just limit any shorts whilst above .8515

19th MAY 2010, Euro, AUD, Daily

AUD Weekly and 5-day pattern

Tuesday continued down to complete the break and extend patterns in the Weekly timeframe, but it also resulted in a 5-day pattern breakout....

Which should continue down into Wednesday's lows.

Yellow trend guide.

MAY's lows and Weekly lows are seen as resistance on any UP swing (5-day 50% level)

Euro Weekly and 5-day pattern

5-day 50% level sell off and down into Tuesday's lows and Weekly lows.

5-day pattern breakout and whilst below the yellow can push down into Wednesday's lows.

Last Friday's close below the Weekly lows has seen another completion pattern into this week's lows.

Therefore any bounce off Wednesday's lows or above the Yellow trend guide can see a swing back towards the 3-day highs (blue)

18th MAY 2010, Euro, AUD, Daily

AUD Weekly and 5-day pattern


Completing the break and extend pattern from last week's lows into this week's lows.

Random support Tuesday's lows, which match the Weekly and Monthly lows in MAY

Euro Weekly and 5-day pattern

Yellow filter the trend guide....

i'm not sure that the Euro is going to reach Tuesday's lows.

Based on the current patterns I would focus on minor intra-day ranges of 41-85 pips.

17th MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern

As per Weekly report, there is a breakout of the MAY lows which should continue down into the June lows, however in the minor timeframes there has been a completion pattern.

Weekly breakout from the previous Week has completed down into the Weekly lows.

Therefore the concentration is now based on minor patterns in the 5-day range and intra-dsay trading:- 41 to 85 points.

Random support Monday's lows.

Trend guide the Yellow level.


AUD Weekly and 50day pattern

There is still the completion pattern from previous Weekly low breakout towards the Weekly lows and MAY lows this month.

Therefore Monday's lows are random support in a downward trend (less likely to hold)

Yellow as the trend guide.

• All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

15th MAY USD, Euro, GBP, AUD, Weekly

USD Monthly and Weekly

Breakout in MAY should continue to trend upwards into June's highs.

There was a minor Weekly high breakout the previous week and then a robust long set-up towards the Weekly highs this week using the Weekly 50%, whilst currencies continued to trend down.

Next Week:- could be a minor reversal down, but with a Friday high breakout (daily close above the 5-day highs), the Trend can continue upwards on Monday

Euro Monthly and Weekly

Whilst the USD Index was moving higher, the Euro was following the exact same pattern and trending downward, as the European Union falls to bits.

Previous Weekly low breakout and retest on Monday provided the ideal set-up for the trend to continue down into this week's lows.

At this stage the expectation is to continue towards the June lows with minor short-term swing patterns during the week using the Weekly 50% level as a trend guide (resistance)

GBP monthly and Weekly

Currently being supported at the 3-Quarter lows (Yellow), but a Weekly close below the MAY lows can see the trend continue down

Short- term is to continue down towards next week's lows

AUD Month and Weekly

Major support on the AUD at the Quarterly 50% level @ 87.66.

However,with the breakout of the previous week's lows I have the expectation that the trend is going to continue towards the Weekly lows this week or could take a couple of weeks.

Friday's sell day aligned with the 5-day 50% level and Weekly 50% level and resulted in a daily close below the 5-day lows, which should continue to push downward on Monday.

Daily reports out after 11am on Monday

14th MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Euro completing the break & extend pattern from last week into this week's lows.

Weekly lows and Friday's lows random support in a 'down trend'

Yellow trend guide.

AUD Weekly and 5-day pattern

Weekly breakout and retest of the MAY 50% level and Thursday has close below the Weekly 50% level.

I only have 1 view on Friday whilst below the 5-day 50% level and Weekly 50% level:- DOWN.

Use the Weekly 50% level as a trend guide @ 89.73

13th MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Euro continues to follow the move towards the Weekly lows by Friday.

Yellow filter the trend guide.

Random support:- Thursday’s lows @ 1.2532




AUD Weekly and 5-day pattern

Same expectation of the trend moving down into the Weekly lows...

However, the 3-day lows (blue) is supporting the minor trends in the 5-day pattern, whilst the Weekly 50% level is resisting.

Yellow level the trend guide on Thursday.

12th MAY 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Trading below the MAY lows along with a breakout of the previous weekly lows.

This has seen a retest of the breakouts and rejection of the Weekly 50% level this week, which in theory should continue down into the Weekly lows this week.

Yellow filter the trend guide.





AUD Weekly and 5-day pattern

Weekly low breakout and expectation that price is moving down into this week’s lows.

We have already seen the MAY 50% level resist price.

Currently Tuesday’s 5-day 50% level is supporting the trend.

If Wednesday is going to continue down then it needs to break the support levels.

Support:- 5-day 50% level and 3-day low (blue channel)

Trend guide Yellow filter @ 89.85

If above then Wednesday is seen as a random pattern (up day)

11th MAY 2010 Euro, AUD Daily

AUD Weekly and Daily range


Currently the MAY 50% level is resisting price, and there is a breakout of the Weekly lows therefore there is an expectation that price is heading down into the Weekly & May lows.

However, there price needs to drop back below the Weekly 50% level on Tuesday, and then use the Weekly 50% level the next day as resistance.

Today:- There is still the possibility that Tuesday continues higher, as it goes looking to retest the previous Weekly low breakout @ .9128





Euro Weekly and Daily range.

Monday has retested the previous Weekly lows @1.3078 breakout and was sold off.

There is a breakout of the Weekly lows, therefore there is now the expectation that the Euro is going to continue down towards the Weekly lows.

Tuesday's resistance Yellow level and the Weekly 50% level

• All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

10th MAY 2010 Euro, AUD Daily

Euro Weekly and 5-day pattern

Swing back into the MAY lows, and now trading above the Weekly 50% levels.

There is random resistance around the MAY lows, however whilst above the Yellow filter there is a view that the Euro is moving into a 2-day up swing towards the 5-day highs on Monday/Tuesday





AUD Weekly and 5-day pattern

Random resistance the MAY 50% level, but whilst price is above both the Weekly 50% level and the yellow filter, the AUD can continue to move towards the 5-day highs.

Yellow filter trend guide.

8th MAY 2010 AUD, EUR Weekly Report

Euro Weekly & Daily

There is a breakout of the Monthly lows in MAY and also the Weekly lows

Next week there is an expectation that price is going to continue down into the weekly lows, however there is a possibility that next week could start with a counter-trend move back towards the Weekly 50 level:- 2-3 day counter-trend move.

After that move then another move down towards the Weekly lows.



AUD weekly and 5-day pattern.

The bias is to continue down into the MAY lows and Weekly lows, using the Weekly 50% level as resistance

Above the 5-day 50% level on Monday and next week is moving into a short-term that could swing back towards the MAY 50% level, and then continue down into the MAY lows by the end of the week.

Daily reports out on Monday

7th MAY 2010 Euro, AUD, Daily

Euro Weekly and 5-day pattern


Thursday breakout and Yellow trend guide for a potential move down into Friday's lows

Weekly breakout should continue down into next week's lows.

High risk trading shorts above Yellow as there could be a swing back towards the MAY lows 1.3022

AUD Weekly and 5-day pattern

AUD should continue down on Friday, as part of the Thursday breakout, and continue towards MAY's lows and next week's lows.

5-day 50% level is the trend guide.