3rd February 2011 Daily, EUR & AUD


AUD WEEKLY & 5-day

Weekly highs supporting the trend, with an expectation that the trend is moving towards the February highs, or at least higher highs by friday

if it follows my view of moving upwards, then the trend guide from 11am is as shown.

otherwise, Thursday could moving into another consolidating pattern if below .


Euro Weekly and 5-day pattern

I'm not sure on the Euro, as it has already completed the move into the Weekly highs and stalled.

Trend guide as shown from 11am, which could see Thursday continue to trend upwards.

otherwise,  Thursday could begin to drift and consolidate towards the 5-day 50% level.






  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT

  • Exact levels shown for current day aren't confirmed until midnight GMT



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