17th September 2010 , Euro AUD, GBP, Daily


Euro Weekly and 5-day pattern

There is a Weekly breakout from last week that I'm expecting the trend to continue upwards this week.

There is also a 5-day high on Friday, which can lead to a 2-day reversal

There's no ideal set-up to short-trade the Euro on Monday

Trend guide 1.3056

Random resistance @ 1.3142


AUD Weekly and 5-day pattern.

Breakout of the monthly highs can see the AUD continue into higher highs in October.

However, there's a 5-day high on Friday, which can lead to a 2-day reversal pattern.

Either that reversal pattern is from the 5-day 50% level

or from the 3-day high @ 9428

Random support :- 93.07 and Tuesday's 5-day lows (tomorrow)



GBP Weekly and 5-day pattern

upside trend towards 1.5890

however, this week can start with a 2-day reversal.

Trend guide @ 1.5677 (3 day high)