1st September 2011 Aud, Euro Daily

Euro Weekly and Daily

Euro has moved down in on the last day of the month and could extend towards the Sept 50% level.

Daily breakout pattern in the 12 hour range should extend towards 11am support levels, using the 50% levels as resistance.

if it continues down early in the 12 hour range then it could swing upwards, and continue higher in the 2nd 12 hour range.

AUD Weekly and Daily

11am levels suggest AUD is moving back towards the September 50% level.

Random support 11am lower level.

if it forms support then keep am eye on 2nd 12 hour patterns for a potential rise.

• 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

31st August 2011 AUD, Euro Daily

AUD Weekly and Daily cycles

AUD remains under the Weekly highs and may continue for 1 more day.

We can see the September 50% level, and if it follows the trend of the change in cycle, the trend should follow the monthly trend towards the monthly highs @ 1.11.

Today:- I'm treating today as another stall day between the Weekly levels.

Trend guide 11am Support

Euro Weekly and Daily range

Euro didn't continue towards the Weekly highs, but has reversed back down into the August 50% level.

With 1 day in the month remaining, it could remain above this level, using the 11am as a trend guide, but I'm not sure Wednesday will move above the Weekly level @ 1.4468

If below the 11am levels the trend bias is to move down into the channel lows, which aligns with the Weekly 50% level @ 1.4350 (random support)

Each way bet on the direction at 11am

• 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

30th August 2011 Euro, AUD Daily

Euro Weekly and Daily

11am levels will decide whether Tuesday continues up towards the Weekly highs:- random resistance

AUD Weekly and Daily range.

Looks to be moving towards the Weekly highs:- random resistance @ 1.0704

• 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

29th August 2011 Euro, AUD Daily

AUD Weekly and Daily

Euro still looks choppy, but based on the Weekly level and the 11am levels, the trend looks like it's going to push up towards Monday's highs.

Trend guide 11am levels

AUD Weekly and Daily

AUD looks like it's going to move upwards, but I'm not sure that's going to happen with the position of the 11am brown filter.

Random support 11am levels (50%)

• 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

27th August 2011 (USD, EUR, AUD) Weekly report

USD Primary and monthly cycles

USD looks to be following the 3rd Quarterly pattern towards the 3rd Quarterly lows in September @ 72 to 71.998

however, the Yearly lows continues to support the trend from dropping

Euro Monthly and Weekly

Trend bias is up, however it needs to breakout of the Weekly highs...

otherwise the next 5-days could be more of the same (Choppy)

AUD Monthly and Weekly cycles

Trend guide is next week's level @ 1.0571.

it's either going to drop back towards the Weekly 50% level, but my hunch is that it will continue towards the Weekly highs.

The next 5-days of trading will define whether the week after next continues down into the September lows using the September 50% level as the trend guide

or the lower step formation of the September 50% level forms support & sends the AUD upwards.

26th August 2011 Euro & AUD Daily report

Euro Weekly and Daily

no probability pattern for Friday

AUD Weekly and Daily

looks like it wants to go higher.....

but I'm not sure with the higher brown filter @ 11am

• 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

25th August 2011 AUD, EURO Daily

AUD Weekly and Daily

With Wedensday closing above the Weekly 50% level and bouncing off the 5-day 50% level, there is now a bias for price to continue upwards...

using the 11am levels as support.

if below the 11am support levels (5-day 50% level), then it's following the original view based on the trend moving towards the lower Weekly levels.

Euro Weekly and daily

No probability pattern for the Euro, as has been the case all week.

• 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

24th August 2011 AUD, Euro Daily

AUD Weekly and Daily

As per Weekly report my view is that the AUD is heading down...

however, Tuesday's 50% level didn't push price down, but instead upwards, and now we have the AUD above the August lows and Weekly 50% level.

if that's the case then the 11am level can push price upwards

However, I still lean to the possibility that the AUD continues down from the 3rd day (Wednesday)

only if it's below the 11am levels

Euro Weekly and Daily

no probability pattern for Wednesday

use 11am levels

• 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

23rd August 2011 (AUD, Euro) Daily

AUD Weekly and Daily range

Current pattern suggests more weakness...

however, unless is breaks out of Tuesday's lows, it's hard to get the ball rolling.

Trend guide 11am levels

EURO Weekly and Daily

no probability pattern for Tuesday, unless it breaks the 11am levels

• 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

22nd August 2011 AUD, Euro Daily report

Euro Weekly and Daily range

Not too many clue on which direction the trend will go over the medium term....

other than using the 11am levels as trend guides (41 to 85 pip ranges)

AUD Weekly and Daily

Trend bais is to move down....

however, there is the possibility that Monday moves up towards the Weekly 50& level (12 hour highs) and then moves lower

• 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

20th August 2011 UD, EURO, AUD Weekly report

USD Index Primary and Monthly Cycles

USD index continues to consolidate around the Yearly lows, without giving clues as to whether the trend will move down towards the Quarterly lows...

Euro Monthly and Weekly cycles

I would think that the Euro would try and move higher, as it's above the Monthly 50% level....

but until it breaks out of the Weekly highs, the only thing to focus on is the 12 hour patterns.

AUD Monthly and Weekly

August lows and 3rd quarter level supporting the current trend...

However, my view is that the AUD will move down into the lower weekly level @ 1.0170.

I could be wrong if next week is trading above the Weekly 50% level  and August  @ 1.0488

19th August 2011 AUD, EURO, DAILY

AUD Weekly and Daily

AUD has followed a similar pattern as Index markets and OIL, with the Thursday sell pattern.

Expectation that AUD is moving towards September lows...

However, there is the possibility that price follows the pattern as illustrated in the Weekly chart.

That means Friday's lows supports to current downward trend, but then continues lower next week

Euro Weekly and Daily

not as clear cut as the AUD, but my view is that the Euro will follow the move down into Friday's lows

• 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

18th August 2011 AUD, Euro, Daily report

AUD Weekly and Daily range

3rd day rally has retested the Weekly breakout..

is the rest of the week and month going to move lower?

if it does, then it  will below the 11am levels

Euro Weekly and Daily

I'm not sure the euro will follow the same pattern...

but trade on the side of the 11am levels

• 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

17th August 2011 Euro & AUD

Euro Weekly and Daily cycles

Euro didn't continue up on Tuesday, as part of Monday's breakout pattern.

The euro is currently being supported above the August 50% level, and today's trading is based on whether Wednesday continues upwards

or it fails and moves into another choppy daily range

Trend guide 11am levels

AUD Weekly and Daily range

August lows resisting the AUD from moving upwards...

However, Wednesday can continue upwards as part of a 3rd day up move...

11am trend guide

• 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

16th August 2011 AUD, EURO Daily

Euro Weekly and daily cycles

Rally into Monday's highs, and a breakout should see the trend continue towards Tuesday's highs, which match the Weekly highs.

I'm not sure what happens then, but it's a resistance zone @ 1.4521

11am support levels matched with Monday's breakout highs.

AUD Weekly and Daily cycles

Expected more upside on Monday (breakout of the daily highs)....

however, it looks like the August lows is forming a resistance zone.

I still have the view that the trend is moving back towards the previous Weekly breakout @ 1.0540 ( Weekly 50% level..)

However, there isn't a robust pattern to get onto the trend on Tuesday

There are 2 support levels:- 12 hour breakout level @ 1.4680 matched with the 11am 50% level

and the lower 11am support levels

• 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

15th August 2011 Euro, AUD Daily

Euro Weekly and Daily

If above the 12 hour channel highs, the trend bias is up towards Monday's highs

11am trend guides

AUD Weekly and Daily

Same applies on the AUD...

11am trend guides

• 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

13th August 2011 USD index, Euro, AUD, Weekly

USD Index Primary and Monthly cycles

no lead in the USD index ,as the trend is caught between a number of timeframe levels.

This could continue for the next few weeks, until it gets closer to the end of the quarter....

when the trend decides whether it will continue to extend downward, or rotate upwards and go looking for the 2012 Yearly 50% level.

Euro Monthly and Weekly cycles

Euro looks supported, but it could continue to remain in a tight trading range until  breaks out of the Weekly range, and that might not happen until September.

I'd continue to look for short-term patterns within the 12 hour ranges.

AUD Monthly and Weekly

AUD could follow the trend downward, but my hunch is that it will try and move upwards and retest the previous Weekly breakout @ 1.0590, and Weekly 50% level...

it could even go as high as the August 50% level.

however, once it moves towards those levels, we look for shorts once again.

12th August 2011 Euro, AUD 2011

Euro Weekly and daily range

Either Friday closes on its highs, lows or in the middle of the 5-day range....

Because the patterns in the Weekly cycles don't give many clues, as price action continues to remain between higher timeframe levels.

Trend guide 11am levels

AUD Weekly and Daily range

no clues in the higher timeframe levels, but there is a bias to move upwards and retest the August lows/ Weekly level @ 1.0547.

However, the patterns in the daily range don't support that, unless it's trading above the 11am levels

• 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

11th August 2011 Euro, AUD, Daily

Euro Weekly and daily

Euro looks to be moving down into Thursday's lows, as long as it remains below 1.41850

AUD Weekly and dialy

11am levels, with the potential to move lower.

random support @ 1.0074

if below it's moving down into Thursday's lows

10th August 2011 Euro, AUD, 2011

Euro Weekly and Daily

no long-term view of the trend, as it's trapped between higher timeframe levels.

But by looking at the levels in the daily range...

11am levels random support

Random resistance Wednesday's highs

AUD weekly and Daily

no probability pattern for Wednesday...

use the levels in the higher timeframes

• 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

9th august 2011 (Euro & AUD) Daily

Euro Weekly and Daily

11am levels are the trend guide.

if below the channel lows @ 1.4156

trend bias is down into Tuesday's lows (random support)

high risk trading any longs below the Weekly lows.

AUD Weekly and Daily

Breakout of the Weekly and dailly lows, and the trend is likely to continue down into the Yearly 50% level .9517

Trend guide 11am levels

Random support (Tuesday's lows)

Resistance the Weekly lows @ 1.0279

8th august 2011 (Euro AUD) Daily

Euro Weekly and Daily range

hard to tell what's going to happen in the euro the rest of the Week.

Random support 11am  levels:- could see the trend continue towards Monday's highs...

AUD Weekly and Daily

Breakout of the weekly lows should see the trend continue down into this week's lows.

but it would not surprise me to see the AUD move upwards on Monday, and as high the Weekly level @ 1.05470

Trend guide 11am levels

• 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

6th August 2011 Weekly (USD, EURo, AUD)

USD index Primary and Monthly cycles

3rd Quarterly 50% level rejection pattern but the 2011 Yearly lows continue to support the current trend.

As this stage it's an each way bet on the direction over the next 5-days...

the USD dollar could continue to rise, and move back towards the quarterly 50% level...

or follow the next leg downward from the August 50% level, and finally move down into 71.998

Euro Primary and Monthly cycles

Same applies in the Euro...and each way bet

continue to be supported around it's 3-Quarterly lows, and move upwards over the next 5-days

or 1.4315 is going to push the trend down into the August lows

AUD Primary and Monthly cycles

AUD has failed to continue upwards, and move towards the 2011 Yearly highs...

in fac,t if it can't hold the 3rd Quarterly support level and August lows.....

Then the AUD will drop down into the Yearly 50% level @ 95.15