31st July ,USD, Euro, GBP, AUD, Weekly

USD Index

USD index trend will complete the move down into the Yearly 50% level as well as the break and extend pattern in August lows.

I would then look for a swing back towards the 3-month 50% levels.

This pattern will influence the price action in the Euro & GBP




Euro Monthly and Weekly

Should continue upwards, but hitting resistance levels around the 3-Quarterly 50% level @ 1.3194

GBP Monthly and Weekly

Completes the double monthly pattern around August highs, and then I would look for a reversal pattern back down into the higher timframe 50% levels.

AUD Monthly and Weekly

Resistance around .9188

30th July 2010 , Euro AUD, Daily

Euro Weekly and 5-day pattern

Weekly highs reached and now Friday is based on whether it moves towards the 5-day highs and then next week's highs...

or Thursday's failure to remain above the 5-day highs, sees a reversal down into the 5-day 50% level.

Trend guide 1.3701


AUD Weekly and 5-day pattern...

There is a previous Weekly breakout @ 8903 and a retest of the Weekly breakout this week, which should continue to trend upwards and into next week's highs

As long as Friday remains above the 5-day 50% level the trend guide should be back towards the highs on Friday

29th July , Euro AUD, Daily

Euro Weekly and 5-day pattern

Trying to rise upwards but not going anywhere.

trade the intra-day levels.




AUD Weekly and 5-day pattern

looks to be moving down into the 5-day lows, which matches the Weekly level .8877 (support)

5-day 50% level random resistance @ 89.67

28th July , Euro AUD, Daily

Euro Weekly and 5-day pattern

Either the trend continues towards the highs or price dips back down into the 5-day 50% level @ 1.2919

Trend guide brown filter @ 1.2991

AUD Weekly and 5-day pattern

Even though I have a view the AUD is going higher...

After Tuesday's highs my view whilst below the yellow is to reverse down into the 5-day 50% level and 3-day lows @ 89.50

27th July , Euro AUD, Daily

Euro Weekly and 5-day pattern

Trend bias this week whilst above 1.2919 is to continue towards the Weekly highs @ 1.3079. & 1.3194 during this Quarter

Minor trend guide on Tuesday is 1.2973, if above it is moving towards Tuesday’s highs.

If below price can come back and retest the 3-day lows and 5-day 50% level
@ 1.2905






AUD Weekly and 5-day pattern


AUD looks to be moving into the Weekly highs @ 9074, with matching Tuesday highs as random resistance levels.

Trend guide is Monday’s 5-day highs @ 90.10 and Yellow filter.

If below, then treat AUD as if price was coming down into the 5-day 50% level and also the 3-day lows:- random support.

26th July , Euro AUD, Daily

Euro Weekly and 5-day pattern

Trend guide 1.2919

Random resistance around blue channel highs @ 1.2989....

With a bias to continue towards the Weekly highs this week.

bearish below the 5-day 50% level @ 1.2886.

AUD Weekly and 5-day pattern...

Heading upwards, but for day traders no ideal patterns to trade unless Monday moves down into support levels @ 8877

24th July ,USD, Euro, GBP, AUD, Weekly

USD Index

USD index heading down into the Yearly 50% level.

I would normally treat the trend as heading lower into the following month.

The only thing that could occur would be a 1-week counter-trend move upwards during the last week of the current month and then continue lower in August from the 50% levels.



Euro Monthly and Weekly

I was expecting more upside this week and Friday closing on its highs after testing the previous weekly breakout.

Trend bias is to continue higher towards August.

Next week trend guide is 1.2919

GBP Monthly and Weekly

stalled at the 3-quarterly 50% level, but GBP should at least move up towards next week's highs and the 3-month highs in July

AUD Monthly and Weekly

Weekly high breakout should continue higher and towards 9189 during the 3rd quarter

Next week's support @ .8877

23rd July Euro, AUD, Daily

Euro Weekly and 5-day pattern

Patterns this week sugguest that Friday should continue upwards after testing the Weekly breakout levels.

Trend guide the 5-day 50% level

AUD Weekly and 5-day pattern

Trend guide the Weekly highs @ 89.03 (breakout) with a bias during this Quarter up towards .9190

Based on the current patterns and Thursday's breakout of the highs, I would look for a continuation upwards into Friday's highs, which may or may not stall the trend

If below the Yellow thena random pattern could see a retest of .8813

• 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

22nd July Euro, AUD, Daily

Euro Weekly and 5-day pattern

Euro retest of the Weekly breakout with Yesterday's trading.

If the Euro is going to follow the trend upwards it now needs to be trading above intra-day levels on Thursday


AUD Weekly and daily range

5-day 50% level trend guide...

Trend bias based on .8813

no probability in the direction on Thursday....

As price can continue to trend towards the Weekly highs by Friday

or drift back down into the monthly 50% levels

21st July Euro, AUD, Daily

Euro Weekly and 5-day pattern

I would like to see the euro move down into the Weekly levels before continuing higher.

Random support:- 1.2823.

Trend guide Yellow filter @ 1.2910


AUD Weekly and 5-day pattern

Trend guide .8813....

However, I'm not sure how much upside there is based on the Daily highs on Wednesday.

No probability pattern today

20th July Euro, AUD, Daily

Euro Weekly and 5-day pattern

My view was for the Euro to come down from Friday's highs and retest the breakout of last week's highs and then continue upwards.

At this stage that's not happening.

Use the levels in the 5-day range.


AUD Weekly and 5-day pattern

looks to be pushing up towards .8813

Trend guide .8715 (yellow)

Note:- ideal pattern of testing support:- July 50% level didn't eventuate

16th July, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Trend bias is to continue towards the Weekly highs, however because there is a breakout of last week's highs I would like to see price come down early this week and retest the breakout @ 1.2790

Random resistance @ 1.2971

Trend guide 1.2908

AUD Weekly and 5-day pattern

July 50% level support @ 86.25

Trend guide @ 86.74.

Because there is a breakout of Friday's lows, I would look for the market to continue down into Monday's lows and test Support.

Above .8674 and look for the swing back towards the 5-day 50% level:- resistance

17th July ,USD, Euro, GBP, AUD, Weekly

USD Index

Heading down into the Yearly 50% level....

Next week could see a short term 2 day counter-trend move towards the Weekly 50% level.



Euro Monthly and Weekly

Euro heading higher towards the 3-Quarterly 50% level.

There is a breakout of the Weekly lows, which should see higher highs next week.

However, look for a short-term reversal back to rest the breakout early in the week before the market continues upwards




GBP Quarterly and Weekly

Now trading between the 3-Quarterly 50% level and the 3-months 50% level.

Weekly 50% level Support for a move towards the July highs.

AUD Monthly and Weekly...

AUD trading above a number of higher timeframe 50% levels:- Trend UP.

Support:- Weekly and July 50% levels @ .8625

16th July, USD Euro, AUD, Daily

USD Index

USD Index heading down into the July lows and towards the Yearly 50% level...



Euro Monthly and Weekly

As the Euro breaks out of the highs @ 1.2712 and trends towards the 3-Quarterly 50% level @
1.3194


Euro Weekly and 5-day pattern

Simple trend guide on Friday is 1.2921....

This is based on whether the Euro continues to trend up towards a higher high by Friday, and next week's Weekly highs

or possibly revisits the Thursday breakout and moves back down into the 5-day 50% level.

AUD Weekly and 5-day pattern....

Choppy price action this week around .8809

no probability pattern for Friday....

Trade on the side of the 5-day 50% level.

15th July Euro, AUD, Daily

Euro Weekly and daily range

Whilst price is trading above 1.2712 the bias is to continue higher.

Below 1.2712 and the bias is to move back towards the daily 50% level ;- 1.2666 - 1.2671

Anything below 1.2666 and treat the trend down towards the brown channel at 1.2634


AUD Weekly and 5-day pattern

Daily close below .8809

5-day 50% level currently supporting the trend.

Trend guide .8809

either the AUD continues towards the Weekly highs this week, or price reverses back down towards the Weekly 50% levels

14th July Euro, AUD, Daily

Euro Weekly and 5-day pattern

Yesterday's reversal from the 5-day lows and a higher daily close above 1.2712 is often seen as bullish and a continuation of the trend into higher highs. (Weekly highs + )

Trend guide 1.2712


AUD Weekly and 5-day pattern

Trend guide .8809 based on the Weekly range.

With yesterday's close above I would favour more upside.

However, the Trend guide Yellow @ 88.43 on Wednesday doesn't provide a high probability set-up for day traders.

13th July Euro, AUD, Daily

Euro Weekly and 5-day pattern

I continue to be bearish on the Euro based on Last week's high...

Trend guide the 5-day 50% level.

However, there needs to be more weakness to verify the expectation of moving lower with price trading below the Weekly 50% levels (breakout of the 5-day lows)

AUD Weekly 5-day pattern

random resistance .8809

Trend guide :- 87.70

12th July Euro, AUD, Daily

Euro Weekly and 5-day pattern

Last week's price action often leads to a large trend reversal down, as per Weekly report

However, if above the Yellow on Monday, then price could swing back towards the White @ 1.2667

AUD Weekly and 5-day pattern

Same applies in the AUD....

Whilst below .8809 trend bias is to continue down towards the Weekly 50% level.

Yellow trend guide @ .8768

Resistance @ .8809-15

10th July ,USD, Euro, GBP, AUD, Weekly

USD Index

With price trading below the July 50% level the bias is to continue down.

Until the market closes back above the July 50% level, there is nothing to suggest that the USD dollar is going to continue upwards.

Euro Monthly and Weekly

The pattern in the Euro is often extremely bearish.

There is a breakout of the 2nd Quarterly lows and the Euro has moved into the new 3-month 50% levels and also the single monthly top (red).

This pattern would normally continue with the previous Quarterly break and head down towards the 3-month lows during this Quarter.

Next week's trend guide @ 1.2667

GBP Monthly and Weekly

With the USD index bearish and GBP trading above the 3-month 50% level the trend bias would have to follow the market dynamics and continue upwards whilst above 1.4980

Random support :- 1.4980.

Trend guide:- 1.5108

AUD Monthly and Weekly

Trend to continue higher????

Or the next 3-weeks choppy either side of the July 50% level???

Trend guide :- .8809

Next Week begins with a higher Weekly open, which may see a rotation back down towards the July 50% level.

8th July Euro, AUD, Daily

Euro Weekly and 5-day pattern

As per the Weekly report the critical level on resistance was 1.2710.

Thursday's highs were 1.2712.

If the Euro is going to reverse down then it will need to remain below 1.2693.

down side pullback would be towards the 5-day 50% level.

With potential further weakness next week.

AUD Weekly and 5-day pattern

Weekly highs reached....

If the AUD is going to reverse back towards the July 50% level, then it would need to remain below the Thursday's highs @ 87.27

otherwise the Daily close above Thursday's high can push upwards on Friday towards the daily highs.