USD index
Continues to be supported at the October lows, but the 4th Quarter levels are stopping the Index from rising
Even though next week begins November, the wekly timeframe opens on Sunday on the last day of October, which might see another 5-days of sideways price action between the weekly levels
Euro Weekly and Daily range.
Continues trading around the October highs after a break and extend pattern in the quarterly timeframe.
What this means is, I still have the view that price is still trying to move down into the 3-month 50% levels.
How server a reversal pattern is always dependant on whether the 3-week lows breakout or not.
Therefore the Weekly levels @ 1.4022 & 1.4096 are seen as resistance, and any ideal pattern in the 5-day range (short) should be held just in case there's a 1-day trending pattern that does break support.
AUD monthly and Weekly
Same view as the euro.
9920 is seen as resistance
GBP monthly and Weekly
Weekly levels are simply the trend guide
Either next week drops considerably or there's another 5-days sideways price action.
In conclusion:- I feel currencies are going higher because I believe that the USD index is going lower.
However, I haven't factored in next week being a timeframe that suggests the trend is going higher
