14th Aug ,USD, Euro, GBP, AUD, Weekly


USD Index monthly and Weekly

USD index finally continued upwards, however the delayed nature based on Friday's rally doesn't help the trend moving upwards at the start of the Week.

Friday's 5-day high can start next week with a 2-day reversal back down.

If the trend is going to go higher then I would look at the price action from Wednesday.



EURO Monthly & Weekly

If the USD index is going to go down and currencies have found Friday 5-day support patterns then the bias is upwards over the next 2-days.

If the euro struggles to rise higher than 1.2882 in the first 2-days then it is likely to continue down later in the week.

Therefore the first day needs to close above 1.2882 to help validate Tuesday moving higher





GBP monthly and Weekly
Same Friday low pattern suggests a 2-day up move to begin the week.

Support 1.5532


AUD monthly and Weekly

Same 5-day low pattern suggests a 2-day up move towards the 5-day highs as the first target.

Support 89.33 (Trend guide)