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 WeeklyThe 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.
