1st October USD, EURO, AUD Wekely report

USD Index Primary & monthly cycles

Likely to continue up into the October highs, as part of the break and extend pattern...

but then reverse back down into the monthly 50% level and 4th Quarter level @ $76.63

Euro Primary and Monthly cycles

If that happens in the USD, then the opposite will occur in the euro.

Support:- Yearly 50% level and October lows

AUD Primary and Monthly cycles

Same applies on the AUD

Support Yearly 50% level and October lows

30th September 2011 Euro, AUD Daily

Euro Weekly and Daily

looks like the Euro will try and move upwards on friday using the 5-day 50% level as support...

Weekly 50% level resistance...

risky trading longs below the 5-day 50% level and channels @ 1.3536

AUD Weekly and Daily

Breakout of September lows will try and move towards the October lows next week.

However, it would not surprise me to see Friday close higher.

5-day 50% level is the 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

29th September 2011 AUD, Euro

AUD Weekly and Daily cycles

looks to be moving down into the Weekly lows....

however, there could be some random support around the white 12 hour channel lows (random resistance the 50% levels

Euro Weekly and Daily

Weekly level is the trend guide....

My hunch is that the Euro will remain within the white channels in the first 12 hour range...

but not sure what will happen during the 2nd 12 hours

• 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

28th September 2011 AUD Euro

AUD Weekly and Daily range

September low were seen as resistance on the AUD...

which could result in a move down towards the Weekly lows.

Trend guide is simply based on the 5-day 50% level, and channels...for the first 12 hours.

Euro Weekly and Daily

5-day 50% level is the trend guide on whether price continue towards Wednesday's highs and the Weekly 50% 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

27th September 2011 EUR, AUD Daily 2011

Euro Weekly and Daily

Trend guide is based on the Weekly level and the 5-day 50% level

At this stage it's too early to tell which direction it will go, as price can rotate back towards the Weekly 50% level, and then the monthly 50% level in the last week of the month...

or it can extend lower and continue lower into the October lows.

Random resistance the 5-day 50% level

AUD Weekly and Daily range

Same applies on the AUD

• 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

26th September 2011 Euro, AUD, Daily

Euro Weekly and Daily

Trend guide is simply based on the Wekely level...

along with Monday's 12 hour lows.

AUD Weekly and Daily

Same applies on the AUD...

Monday's 12 hour lows are random support levels, which could result in Monday moving back towards the 12 hour highs....

September lows are seen as resistance

• 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 Sept 2011 UDD Index ,Euro, AUD Weekly report

USD Inex

Breakout patterns in the USD Index should see the trend continue towards the October highs, and as high as the Yearly 50% level during the 4th Quarter.

Next Week's trading is based on whether the last week of this month continues upwards...

or reverses back down into the October 50% level, and then move upwards at the start of the next month

Euro monthly and Weekly cycles

Therefore a last week will continue down into next week's lows

or

rises back towards the Weekly 50% levels (resistance)

AUD monthly and Weekly...

Support around the Weekly lows and Yearly 50% level @ 95.18

if it rises upwards, then the Sept lows are seen as resistance.

23rd September 2011 Daily

Euro Weekly and Daily

Double weekly low pattern has played out after last week's price action:- rejection down from the weekly 50% level

My view is that the Euro will try and rotate upwards and move back towards the new monthly 50% level;- first target next week's 50% level....

but at this stage there's nothing in the 5-day range that validates that view.


There is a possible continuation down into the Yearly 50% level @ 1.3280....

AUD Weekly and Daily range.

random support Friday's lows.....

As part of a possible move towards the Yearly 50% level @ .9518.

Friday's resistance @ 9985

• 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 September 2011 Euro AUD

Euro Weekly and Daily

The euro has continued down, and likely to move down into Thursday's lows.

However, i'm not sure it will continue down into the Weekly lows.

From Friday onwards we begin to look for a stablising pattern in the 12 hour ranges for a potential rise upwards next week, as price goes back to the September lows/ October 50% level

Note;- overall potential is for the euro to retest the Yearly 50% level @ 1.3280

AUD Weekly and Daily range

Moving down into the September lows and Thursday's lows.

Those levels are seen as support, but won't be confirmed until a following 12 hour pattern....

for a potential last week rise towards the Monthly 50% levels in October ;- short-term Weekly 50% level.

Note;- potential reversal pattern is towards the Yearly 50% level @ .9518

• 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

21st September 2011 Euro, AUD, Daily

Euro Weekly and Daily range

My view is that the Euro is moving downward, so at least the 5-day lows, and as low as the Weekly lows this week.

Resistance the Weekly level 1.37780 and 5-day 50% level

AUD Weekly and Daily

I still favour the AUD moving towards the Weekly lows and the September lows....

but Wednesday could move upwards in the first 12 hours towards the resistance levels in the daily range

• 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 September 2011 Euro ,AUD 2011

Euro Weekly and Daily range

Trend bias is to continue down into the Weekly lows (random support Tuesday's lows).

it's too early to tell whether the Weekly lows will form a double bottom,and then another  potential swing upwards later in the week, and back towards the October 50% level (unknown as yet)

AUD Weekly and daily cycles

Weekly lows could form a double bottom....

However, there's an expectation that price is following the September low pattern.

Random support Tuesday's lows, as part of Monday's break and extend pattern

• 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 September 2011, Euro, AUD Weekly Report

Euro Weekly and Daily cycles

Trend bias is down, as part of retesting the September lows and Weekly 50% level this week, with the expectation next week will follow the break and extend pattern into next week's lows.

Weekly level @ 1.3778 and the 5-day 50% level is the trend guide for Monday's trading.

AUD Weekly and Daily cycles

My view was the price would continue to remain below the Weekly lows and extend towards the September lows...but that didn't happen with Friday's price action

it could happen next week, if price is below the weekly level @ 1.0369...

but after Friday's price action, it would not surprise me to see price continue upwards, and move back towards the Weekly 50% level, and as high as the upper weekly level @ 1.0638

16th September 2011, Euro, AUD Daily

Euro weekly and Daily cycles

Euro has continued up into the Weekly 50% level and stalled.

these levels are seen as resistance, with the expectation that price will continue back down next week.

however, in the 12 hour patterns, Friday could push upwards.

if it does then Friday's highs are seen as resistance

AUD Weekly and Daily cycles

My view is that the weekly lows would form resistance and push the trend back down.

however, with Friday now above the 5-day 50% level that might not happen.
unless price is below the 12 hour 50% levels, then Friday could push upwards, with the 11am upper levels as random resistance.
and if above those levels, then AUD swing point is the next weekly level @ 1.0432

• 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 September 2011, Euro, AUD Daily

Euro weekly and daily cycles

trend bias is to continue up, as part of retesting the September lows and Weekly 50% level by Friday.

Thursday's trend guide is the daily 50% levels

AUD Weekly and Daily cycles

remains weak, with an expectation that the trend will follow a break and extend pattern in the Weekly cycles... or at least towards the Sept lows @ .9885.

daily levels don't provide an ideal set-up...

5-day 50% level and Weekly lows continue to be resistance levels

14th September 2011, Euro, AUD Daily

Euro Weekly and Daily

The euro is trying to swing upwards, as part of retesting the September lows, and Weekly 50% level...

but it will need to breakout of the 12 hour highs and 5-day 50% level for that to happen.

this is either going to happen during the first 12 hours using the 50% level @1.3658 as a trend guide

or price is going to dip back down into the 12 hour channel lows @ 1.3606. (support)

AUD Weekly and Daily cycles

Trend bias is to continue lower, as price is below the Weekly lows....

11am trend guide....

with Wednesday's lows having less probability of holding support

• 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 September 2011, Euro, AUD Daily

Euro Weekly and Daily

I still have the view that the Euro will move back towards the September lows and Weekly 50% level this week....

as the USD index does the opposite.

trend guide 11am levels

AUD Weekly and daily

with Monday's breakout and price trading below the weekly lows...the trend bias is down into September lows.

if Tuesday moves upwards, then the daily 50% levels are seen as resistance

• 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

12th September 2011 Euro, AUD, Daily

Euro Weekly and Daily range

The first 3-days this week is based on the Euro moving back towards the September lows and the 3-week 50% level...

And Monday's trading is based on whether it continues down into the Weekly lows...

or

is the first day of a potential up swing towards Friday's breakout lows 1.3818

AUD Weekly and Daily

11am levels will decide whether the AUD continue down into Monday's lows.

Those Weekly and Daily lows will defined whether the AUD remains supported....

 or follows a similar pattern as the Euro, and continues down towards the September lows:- confirmed by a breakout of those Weekly lows.

 if it's above the Weekly level @ 1.4320, then look for a swing back towards the Weekly 50% level and September 50% level, which is seen as resistance

• 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

10th September 2011 Weekly report (USD, EURO, AUD)

USD Index Primary and Weekly cycles

Breakout earlier this week has seen the USD index continue back towards the 3-Quarterly 50% level.

Trend is likely to continue towards next week's highs....

but then reverse back towards the September highs 76.80...

and then likely to continue towards the October highs

Euro Primary and Weekly cycles

Whatever happens in the USD index, the opposite will occur in the Euro.....

Which means a counter-trend move back towards the Weekly 50% level, which is seen as resistance

AUD Monthly and Weekly cycles

Trend bias is down, but it's unclear whether AUD remains choppy until the start of the 4th Quarter...

If there's a breakout of the Weekly lows, then look for further weakness.

9th September 2011 AUD Euro Daily

AUD Weekly and Daily

AUD looks like it will follow a higher Friday close, or at least move towards Friday's highs....

however, I'm not sure it will breakout of those highs (maybe 2nd 12 hour pattern)

Euro Weeky and Daily

Euro has completed the move down into September lows....

not sure if these lows will support the trend, as price can still follow Thursday's break and extend down into Friday's lows. (random support)

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

8th September 2011 AUD, EUR

Euro Weekly and Daily

Trend bias is down, but Thursday's levels aren't providing a set-up during the first 12 hour

AUD Weekly and Daily

Weekly level Random resistance @ 1.0669.

and based on the levels in the first 12 hour range, I'm finding it hard to see more gains  (maybe after 11pm)

Random support 11am levels

Note;- current price action suggests a possible move towards the Weekly highs by Friday

7th September 2011 AUD, EUR

AUD Weekly and Daily range

11am trend guide...

my view that the AUD is heading lower...

but it won't surprise me if it goes higher

Euro Weekly and Daily

I wasn't expecting the volatility on the Euro....

but with the USD dollar retesting the Weekly breakout and heading upwards, the Euro looks like it will move lower.

Weekly lows once again seen as resistance

6th September 2011 USD Index, AUD, Euro Daily

USD Index

Breakout of the Weekly highs looks like it's the start of a last month up move back towards the 3rd Quarterly 50% level....

Which is going to put pressure on other currencies

AUD Weekly and Daily

Trend bias is down....

The only way I'm going to change that view is if Tuesday finds support (daily lows), and by the close on today price has closed back above the 5-day 50% level and the Weekly 50% level (HOOK Pattern)

otherwise it's down into the Weekly lows

Euro Weekly and Daily

Looks bearish with a breakout of the Weekly lows...

Any Tuesday low support, and the Weekly lows are seen as resistance

5th September 2011 AUD,EUR

Euro Weekly and Daily

current trend suggest more weakness towards Monday's lows and the Weekly lows..

but I would also keep an eye on for possible 2-day rise, as part of Friday's support...

but it will need to keep over the 11am level 50% levels

AUD Weekly and Daily

Same pattern as the euro, but the AUD is in a better position as it's above the Monthly 50% levels.

looks to be moving down into Monday's lows.

Keep an eye on 11am 50% level, if the AUD rises back towards 1.0655