15th October 2011 USD, Euro, AUD Weekly report

USD Monthly and Weekly cycles

Break of Support could see the trend in the USD continue much lower....

However, the Trend could continue down into next week's lows that aligns with the 4th Quartertly 50% level and then swing back upwards.

Whatever it does ( which I don't know yet)...we just simply look for patterns in the 5-day range that's going to help decide the set-ups to trade.


Euro Monthly and Weekly  cycles

Likely to continue up into next week's highs....

but then we should look for patterns that will reverse back down to retest this week's breakout and October 50% level.


AUD monthly and Weekly

Same applies on the AUD...

but AUD could push up as high as 1.0587