1st December 2011 Euro, AUD Daily report

Euro Weekly and Daily

5-day 50% level, along with the Weekly level @ 1.3380 as support...

first target the Weekly 50% level...(Thursday's highs Random resistance)..

Don't short-trade above that, as price could continue towards the December 50% level and as high as the Weekly highs by Friday's close.

AUD Weekly and Daily

AUD has hit the November 50% level and Weekly highs, which can act as resistance.

There is a possible move towards Thursday's highs (resistance)...

but there is also a possible move back down towards the December 50% level (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

30th November 2011 Euro, AUD Daily Report

Euro Weekly and Daily cycles

I'm struggling to see the euro continue back towards the December 50% level (Weekly 50% level) this week...

I'ts has 2-days to move above and stay above the Weekly level, and it has failed to do so..

My view is that price will continue to move lower.

Weekly level @ 1.3380 remains the trend guide

Random support in the 12 hour range

AUD Weekly and Daily cycle

1 day to go until the start of December....

today is either going to continue to follow the daily cycles upwards (Random resistance Wednesday's highs

or it's going to remain choppy...

with potential weakness in the 2nd 12 hour range if inside the 12 hour channels (white).

December 50% level is the trend guide from tomorrow

• 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 November 2011 Euro, AUD Daily report

Euro Weekly and Daily

Trend bias is down after retesting the Wekely levels and closing lower.

As long as it remains below the 5-day 50% level.

5-day 50% level resistance

AUD Weekly and Daily

On the other hand, the AUD looks like it is moving in a 3-day counter-trend move up towards the Weekly 50% level, and then the December 50% level by Thursday.

As long as it remains above the 5-day 50% level and Weekly level @ .9867

• 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 Novermber 2011 Euro, AUD, Daily Report

Euro Weekly and Daily

There is a breakout of the Weekly and Daily lows, that should see the market continue down into Monday's lows and then the Weekly lows.

Monday's lows match the Monthly lows (support)

Resistance 5-day 50% level.

AUD Weekly and Daily

Resistance the Weekly lows and Weekly level @ .9855/67

with the expectation that price is moving down towards this week's lows @ .95510

Random support Monday's lows

Resistance 5-day 50% level and 12 hour channel 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

26th November 2011 USD, Euro, AUD Weekly Report

USD Monthly and Weekly

USD Index continues with the expected upward trend towards the November highs...

Those highs are seen as resistance, with the Weekly 50% level as the trend guide...

Note:- this pattern as part of a Quarterly breakout pattern from the 3rd Quarter.

This could result in the trend continuing to extend up towards the December highs...

which normally happens after the Trend revisits the Weekly lows later in December.

Euro Monthly & Weekly Cycle

Moving down into the November lows (random support)

Either the trend extends towards the December lows...

or swings up towards the December 50% levels later next week...

AUD Monthly and Weekly

Same applies on the AUD....

25th November 2011 Euro AUD Daily report

Euro Weekly and Daily

My view is that the Euro is moving towards the November lows...

but because of the Weekly lows, that might not happen this week...

Random support Friday's lows

5-day 50% level resistance.

AUD Weekly and Daily

Trend bias is down into the November lows...

but if Friday is trading inside the 11am levels, then there is a possible retest of the Weekly lows @ .9853 & the 5-day 50% level (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 November 2011 Euro, AUD Daily report

Euro Weekly and Daily

Trend bias is down into the November lows @ 1.3148/99

Random support Weekly lows

Resistance 5-day 50% level

Potentially could follow the breakout of Wednesday's lows and continuation down into Thursday's lows

AUD Weekly and Daily

Move down into November lows @ 9491

Thursday's lows random support

Weekly lows resistance @ .9853....

Trend guide the 12 hour channels (white & blue)

• 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 November 2011 Euro/ Aud Daily report

Euro Weekly and Daily

Tuesday remained within the 12 hour levels and choppy either side of the Weekly level.

my view is that the trend bias is still down....

short-term trend is based on the Weekly level and 5-day 50% level after 11am

AUD Weekly and Daily

Remains bearish as it's below the Weekly lows....with a potential move towards the November lows @ .9491
Random support Wednesday's lows, extremely bearish below those lows.

Unless it's trading above the 11am level @ 98.72 (potential swing back towards 1.0043)...

I wouldn't get excited about BUYing longs 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

22nd November 2011 euro aud Daily Report

Euro Weekly and Daily

 Whilst the euro is below the Weekly level @ 1.3513 the trend bias is down....

otherwise it could remain choppy between the 12 hour levels.

AUD Weekly and Daily

Trend bias is to follow the break and extend pattern from Monday's lows into Tuesday's lows.

However, with the AUD already trading around it's Weekly lows @ .9853 that might not happen.

5-day 50% level resistance

12 hour level Random resistance @ .9883

21st November 2011 Euro, & AUD

Euro Weekly and Daily

Weekly levels the trend guides, along with the 5-day 50% level

AUD Weekly and daily

Weekly level the trend guide...

along with the 12 hour channels.

19th November 2011 USD, EUR, AUD Weekly Report

USD Monthly and Weekly cycles

I was expecting more strength in the USD, but it continues to stall at the Weekly highs...

Either the USD continues with the UP trend in the current month...

or it remains consolidating within the Weekly levels

Euro Monthly and Weekly cycles

will the Euro rise after a double Weekly low pattern in November?

At this stage I'm not sure which way it will go...

Weekly level @ 1.3513 is the trend guide

AUD Monthly and Weekly cycles

Same applies on the AUD...

Weekly level @ 1.0043

18th november 2011 Euro, AUD

Euro Weekly and Daily

Weekly lows continues to support the downtrend...

11am levels will decide whether the trend continues lower...

or Friday swing back up towards the 5-day 50% level.

no probability in which direction Friday will go

AUD Weekly and Daily

Same applies on the AUD..

11am levels are seen as resistance...

but if Friday decides to move upwards, then it could happen in the 2nd 12 hour pattern.
Note;- currently trading below the Weekly lows, therefore the trend can continue to move 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

17th November 2011 Euro, AUD Daily report

Euro Weekly and Daily

Currently Supported at the Weekly lows, but I have the view that it will continue lower because of my view that the USD index will continue higher

5-day low will need to breakout and form resistance in the 2nd 12 hours if that's going to happen.

5-day 50% level remains resistance if it rises upwards during the first 12 hours today

AUD Weekly and Daily

Weekly and daily lows random 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

16th november 2011 Euro, AUD Daily report

Euro Weekly and Daily

I'm bullish on the USD therefore I'm bearish on the Euro..

but for both they need to breakout of their Weekly highs and lows.

In conclusion:- the trend bias is to continue lower, but I'm not sure that the Euro will breakout, as Wednesdays' lows and the Weekly lows could once again form a support level.

If a breakout occurs, then the 2nd 12 hour range will form resistance at the Daily and Weekly lows, and continue to extend lower into Thursday.

AUD Weekly and Daily range

Trade on the side of the Weekly level and 5-day 50% level.

It's either going to continue lower...

or remain choppy inside for the first 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

15th November 2011 Euro, AUD Daily report

Euro Weekly and Daily range

looks to be moving lower using the 5-day 50% level as the trend guide.

AUD Weekly and Daily

Same applies on the AUD using the 5-day 50% level...

but Tuesday could remain within the 12 hour white channels...

needs to be trading below 1.0153

• 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

14th November 2011 Euro, AUD Daily report

Euro Weekly and Daily

News out of Italy overnight could send the Euro higher today....

But I'm not sure it's going to move beyond the Weekly 50% level and Monday's highs, which are seen as resistance today.

AUD Weekly and Daily

looks like it will move upwards, but the Weekly 50% level @ 1.0411 is seen as resistance.

Trend guide during the first 12 hours is based on random support @ the 5-day 50% level..

and 12 hour highs @ 1.03530

• 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 November 2011 Weekly report USD, Euro, AUD

USD Monthly and Weekly cycles

My view was UP this week, but the fake break in the Weekly cycles pushed the US dollar back down

I still have the view that the USD will continue higher...

as long as it remains above the November 50% levels

Euro Monthly and Weekly

My view is down...

November 50% level is the trned guide

AUD Monthly and Weekly

looks like it wants to continue higher....

or at least remain within a consolidation pattern within the Weekly levels for the rest of the month

11th November 2011 USD, Euro, AUD

USD Index

My view is that the USD will continue to rise towards the November highs...

Even though the Weekly highs has stalled Thursday from rising.

Euro Weekly and Daily

If the USD is going to continue to rise, then the Euro will continue to fall.

However, the movement back within the Weekly lows (fake break), can often see more gains on Friday.

There are two pattern as play on friday.

remains choppy between both Weekly levels (White & Green).

Friday sells off  using the white channel lows in the 12 hour range, moves down into Friday's lows....

and continues with the breakout in the 2nd 12 hour period.

I haven't factored an UP day, because of my view of the USD

AUD Weekly and Daily

Same applies on the AUD...

White channel lows and the Weekly level could send Friday DOWN, as the USD strengthens
Otherwise, Thursday's support off the daily  and Weekly lows could see Friday rise back towards the November 50% level by Monday...

• 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 November 2011 Euro AUD

Euro Weekly and Daily

As noted in the weekly Report, this week has a bias to continue down because the USD Index was rising.

Breakout of the Daily lows should continue down into Thursday's lows (random support)..

5-day 50% level resistance.

Trend could continue down towards the November lows over the next 5-7 days.

AUD Weekly and Daily

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

9th November 2011 Euro AUD Daily reports

Euro Weekly and Daily

Trend is down, as it remains below the higher timeframe 50% levels....

But if it's above the 12 hour white channels the trend bias is up in the short-term

AUD Weekly and Daily range

looks to be consolidating within the 12 hour channels and the higher timeframe 50% levels.
no probability pattern today

• 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 November 2011 Euro, AUD Daily report

Euro Weekly and Daily

Trend bias is down...

But the position of the 5-day 50% level on Tuesday could see price move upwards, and into the Weekly 50% level (resistance)

12 hour levels resistance @ 1.3835

AUD Weekly and Daily

5-day 50% level and November 50% level is seen as 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

7th November 2011 Daily report Euro & AUD

Euro Weekly and Daily

Trend bias is down

AUD Weekly and Daily

Trend bias is down using the Weekly 50% level as the guide.....

As per Weekly report

5th November 2011 USD , EURO, AUD Weekly report

USD Monthly and Weekly cycles

If we subscribe to repeating patterns in all markets, then the USD should continue to move up towards the November highs over the next 2 weeks  (Weekly highs breakout)

Whilst currencies drop

Euro Monthly and Weekly

Currently looks bearish, and if it follows weakness then Traders should focus on shorting short-term bounces, than trying to buy dynamic daily lows over the next 5-10 days

AUD Monthly and Weekly

Note as bearish as the Euro....

As the AUD could push upwards using the Weekly 50% level as a trend guide.

However, keep an eye on any form of weakness within the 12 hour ranges.