1st July , Euro, AUD, Daily

Euro Weekly and 5-day pattern

Euro price action can set-up further falls towards the weekly lows and June lows and then continue lower.

Whilst price is below the 5-day 50% level on Thursday and the Weekly 50% level (1.2239) it needs to break the white level @ 1.2162 to confirm the trend.


AUD Weekly and 5-day pattern....

Trade on the side of .8394...

if below it's going down into the Weekly lows.

30th June , Euro, AUD, Daily

Euro Weekly and Daily range

5 day 50% level sell off down into the Weekly level @ 1.2162.

This level will determine whether the Euro consolidates until the end of the week, or there is another sell-off from the 5-day 50% level on Wednesday, as part of a move down into 3-month lows in the next Quarter.

The down move is what i'm expecting to happen during the 3rd Quarter.

Currently the USD Index has hit the 3-week 50% level and stalled, therefore I don't have the view whether the Index will reverse down or continue higher.

AUD Weekly and 5-day pattern

I certainly wasn't expecting the AUD to drop as far as it did.

Resistance:- .8574

29th June , Euro, AUD, Daily

Euro Weekly and Daily range

I have a bais for the euro to continue higher, however it can also 'chop' around this week until the end of the month and Quarter.

No probability in the direction Tuesday will take:- Trend guide 1.2302



AUD Weekly and 5-day pattern

Trend guide .8699..

5-day pattern as this stage doesn't provide a high probabilty set-up, but whilst price remains above 8699 the trend bias is up.

25th June Euro, AUD, Daily

AUD Weekly and 5-day pattern

This week's trend is to continue up towards the Weekly highs, and towards the July highs....


Euro Weekly & 5-day pattern

Same applies with the Euro, as per Weekly report...

minor resistance @ 1.2442

• 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

26th June ,USD, Euro, GBP, AUD, Weekly

USD Index Monthly and Weekly

USD Index trading around 2010 Yearly highs and the rise up from the 3-Week lows has failed to materialise.

There is still a breakout of the June highs and the trend now looks to be moving down which will align with the July 50% level.

Euro Monthly and Weekly

Euro looks to be moving up towards the 3rd Quarter 50% level, which will be seen as resistance.

GBP Monthly and Weekly

GBP price action is exactly what I thought would happen in Index markets, especially the S&P.

Weekly 50% level support and a 2 week trend upwards into July.

AUD Monthly and Weekly

Continuing higher next week towards the Weekly highs

25th June ,USD, Euro, AUD, Daily

USD Index

I was expecting more upside this week on the USD Index but it continues to remain below key weekly levels.

Currently above the 5-day 50% level, but there aren't any high probability set-ups to think Friday is going to go higher

Euro Weekly and 5-day pattern

I'm bearish on the Euro, but there aren't any high probabilty set-ups to think the Euro is going to go down on Friday....

Especially with the Weekly 50% level support and Thursday's support from 1.2284/p>

AUD Weekly and 5-day pattern

AUD continues to trading above the June 50% level and Thursday's 5-day low support.

Random support:- friday's lows.

If price moves down into Friday's lows and finds support, this should help the AUD move upwards early next week (2-days).

Random resistance :- 5-day 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

24th June Euro, AUD, Daily

Euro Weekly and 5-day range

I'm bearish as per Weekly report, however the price action now might favour a higher move.

Weekly 50% level and 5-day low support.

Trend guide the 5-day 50% level & 1.2884


AUD Weekly and 5-day range

5-day 50% level the trend guide...

if below I'm still treating AUD as moving back down towards .8587

23rd June ,USD, Euro, AUD, Daily

USD Index Weekly and 5-day range

US dollar index is rising and my expectation it that the trend is heading towards the 3rd Quarter highs in July.

Price still isn't trading above the Weekly 50% level, but whilst above the 5-day 50% level and 86.21 the expectation is that Wednesday should continue higher, as long as it's above the blue channel high


Euro Weekly and 5-day pattern

If USD index is going higher then Euro is going lower, as per Weekly report.

Yellow trend guide along with 1.2284...

Random support Wednesday's lows

AUD Weekly and 5-day pattern

Yellow trend guide with the expectation price is heading down into 85.87

22nd June , Euro, AUD, Daily

Euro Weekly and 5-day pattern

As per Weekly report, my view is that the Euro is heading lower, however on Tuesday there might be random support around the 3-day lows and Weekly level @ 1.2284.

Trend guide:- Yellow filter


AUD Weekly and 5-day pattern

Break and extend pattern in the Weekly timeframe, and my view is that the AUD is trying to move back down towards 0.8587

Yellow trend guide .8814

21st June , Euro, AUD, Daily

Euro Weekly and 5-day pattern

You know my view of the Euro (DOWN), however the USD index needs to be trading above certain levels this week to help verify my view of the Euro moving towards July's lows.

Today has gapped up on open and Yellow filter the trend guide.



AUD Weekly and 5-day pattern

With the AUD already trading around this week's highs, there is a potential to revisit the June 50% level and support @ 8587.

If trading above the Weekly highs, next upside is the 5-week highs (Brown @ $90.34)

19th June USD, Euro, GBP, AUD, Weekly

USD Index Monthly and Weekly

My View on the USD index is that this reversal down into the 3-week lows is going to set-up a move back towards higher highs in July.

That means the first sign has Friday closing above the lows and now we need to see price back above the Weekly 50% level (next week).

If that happens then this is going to push the likes of Euro back down into lower lows in July.


If USD index is trading below the 3-week lows, then that entire view won't play out.

Euro Monthly and Weekly

If USD Index goes up then Euro goes down, but at this stage there isn't a high probability short-trade based on the current patterns.

I would keep an eye on the USD index and if it finds support and begins rising next week, then we focus on short trade set-ups in the 5-day pattern.

Otherwise the euro continues up towards the June 50% level and then the 3-quarter 50% level.

GBP Monthly and Weekly

At this stage there is nothing bearish in the GBP until it is trading back below the June 50% level and White level @ 1.4756.

otherwise it is following the weekly range upwards over the next 2-weeks.

Again the GBP will be influenced by the USD index.

AUD Monthly and Weekly

USD index doesn't influence the AUD.

Therefore the bias is to continue upwards over the next 2-weeks.

Random resistance Weekly highs in the early part of the week.

Support:- June 50% level & 8587

18th June USD, Euro, AUD, Daily

USD Index 5-day pattern

USD index moving into the 3-week lows.

As per Expectation that any up move in the USD is going to come from this level and support next week.

Euro Weekly and 5-day pattern

That means the Euro is playing the same pattern in reverse.

Once the Weekly highs or Friday highs are reached then the view is for resistance and next week to begin a reversal pattern downward.

That means Friday shouldn't breakout of the highs.

AUD weekly and 5-day pattern

Trading above the June 50% level and Weekly highs, this suggests a higher close on Friday....

Random resistance Friday's highs.

17th June USD, Euro, AUD, Daily

Euro Weekly and 5-day pattern

My view is for the Euro to continue higher whilst the USD index goes down towards the 3-week lows...

Trend guide:- 1.2253.

no ideal set-up in the 5-day range, which might see a move down into the 5-day 50% level.



AUD Weekly and 5-day pattern


AUD has closed back below the 3-week highs and June 50% level.

Trend guide :- .8615


Whilst below the bias is down:- random length.

Support remains the white level @ 85.27, however anything below and I would treat AUD as heading down towards the daily lows by Friday.

As per Weekly report:- Weekly highs and June 50% level is seen as resistance

16th June USD, Euro, AUD, Daily

USD Index Weekly and daily

Expectation is that June's highs would send the USD index back down into the 3-week lows.

My expectation is that once the Weekly lows have been tested and verified with a Friday close above (Support), then the trend is going to continue towards higher highs in July.




Euro Weekly and 5-day pattern

As the USD index goes down my view is the Euro is trying to complete the move into the 3-week highs.

5-day highs on Wednesday random resistance :- less probability.



AUD Weekly and 5-day pattern

A lot stronger than I anticipated, and the AUD is now trading above the 3-week highs and the June 50% levels.

5-day highs random resistance.

No probability pattern for Wednesday.

15th June 2010 Euro, AUD Daily

Euro Weekly and 5-day pattern

Euro trading around Weekly levels that are forming resistance.

I still think the USD index will go down into the 3-week lows, and this will help the Euro continue higher in the short-term.

However, based on the intra-day patterns trying to find an idea long set-up is hard.

No probability pattern for Tuesday, use the levels and the Yellow as a trend guide:- 1.2248


AUD Weekly and 5-day pattern

3-week high and 3-month 50% level rejection is bearish, and that is what happened on Monday.

Yellow trend guide.8604

Random support:- .8527

14th June 2010 Euro, AUD Daily

Euro Weekly and 5-day pattern

As per Weekly report, my view is for the Euro to continue upwards, as the USD index moves down towards the 3-Week lows.

However, today is opening at the 5-day highs and the Weekly 50% leveels....

Not a high probability set-up for a move upwards.

AUD Weekly and 5-day pattern

3-week highs and June 50% levels resistance @ 8615

trend guide 8527

• 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

12th June USD, Euro, GBP, AUD, Weekly

USD monthly and Weekly

June high reversal and looking for a move down into the 3-week lows.

Once that completes I'm expecting a higher move into July's highs.

Therefore as the USD follows those patterns it's going to effect currencies in the opposite direction.

Euro Monthly and Weekly

Expectation is towards the 3-week highs or until the USD index reaches the 3-week lows.

White level is the trend guide.

GBP monthly and Weekly

Breakout in the MAY lows and expectation price is heading down into June lows.

This week has seen the 3-week highs and June 50% level sending GBP back down:- 3-week high and June 50% level rejection should continue down towards June and then July's lows.

However, GBP might remain in a tight trading range until the USD index completes the 3-week low move.

AUD Monthly and Weekly

AUD 3-Quarter low support and Yearly 50% level support.

but at this stage the 3-week highs & June 50% levels are seen as resistance.

.8527 is the trend guide for next week.

11th June 2010 Euro, AUD Daily

Euro Weekly and 5-day pattern

Euro finally above 1.2054.

Expectating the euro to continue towards the 3-week 50% level @ 1.2195, but as per weekly report my view is a swing back towards the 3-Week highs @ 1.2458.

Today:- for the euro to move higher it needs to breakout of the 5-day highs.

Therefore there could be a push back down into 1.2054 to verify support.

AUD Weekly and 5-day pattern

Heading towards the June 50% level....

But Thursday could move back and retest the Weekly 50% level @ 83.85

10th June 2010 Euro, AUD Daily

Euro Weekly and 5-day pattern

June support and I still think the Euro will swing back towards the 3-week 50% level.

However it price needs to be trading above 1.2054




AUD Weekly and 5-day pattern

AUD looks to be rising towards the Weekly 50% level, but there isn't any high probability set-ups.

Trend guide 5-day 50% level @ 8278

9th June 2010 Euro, AUD Daily

Euro Weekly and 5-day pattern

June low support and I'm looking for a siwng back towards the 3-week highs and then another leg down in July....

But I would still need to see the Euro trading above the White and the 5-day 50% level. (breakout of the 3-day highs)

AUD Weekly and 5-day pattern

AUD support and closed above the 5-day 50% level on Tuesday would normally continue higher towards the Weekly 50% level

Be aware 'Sell off' patterns can often occur when a daily close above the 5-day 50% level occurs but the next day open below the 5-day 50% level and begins to sell down.

5-day 50% level the trend guide @ .8290

Note:- if a 3rd sell pattern occurs then it's normally a move down into the 5-day lows, and as part of a move towards the Weekly lows.

• 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