3rd November 2011 Eur, AUD Daily report

Euro Weekly and Daily

Trend bias is down because it's below the higher timeframe 50% levels (Weekly & monthly 50% level)

Trend bias on Thursday is based on the lower channel (5-day 50% level is seen as resistance)


AUD Weekly and Daily cycles


AUD currently supported, & if it continues back towards the Weekly level @ 1.0522...

then the best support level is using the 11am level @ 1.0333, which matches the Monthly 50% level.

high Risk trading longs below this level 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



    •