USD Index Monthly and Weekly
USD index following the 2nd weekly pattern upwards and into the August 50% levels.
Around those levels I'm treating the trend as resistance with a possilbe swing back towards the 3-week 50% levels.
At this stage I'm not treating the Index of continuing the rally upwards without a retest of the 3-week 50% levels.
Euro Monthly and WeeklyIf that's the case then the Weekly lows are seen as rando support
With the trend guide being 1.2893
Below the Weekly lows is bearish because of the price action in the larger timneframes.
Euro has moved upwards into the 3- quarterly 50% level and now selling down, which could lead to more weakness, if the USD index is rising upwards from the Yearly 50% level.
GBP Monthly and Weekly
Double monthly high in august was helped by the Friday high pattern and reversal down, which should see more weakness towards the Weekly lows and August 50% levels.
Note:- 3-Quarterly 50% level is @ 1.5432, which will play an important role for the rest of the 3rd quarter (random support/ Trend guide)
AUD Monthly and WeeklyThis week's reversal pattern would confirmed with the higher timeframe resistance levels and last friday's 5-day high pattern and the start of a 2-day reversal.
The trend should continue down into the Weekly lows, whilst price is below .8954
Major support @ 8797
