31st December 2012 Euro & AUD Daily report

Euro Weekly & Daily cycles

We have a Friday 5-day low pattern which can often lead to a 2-day UPward move

5-day 50% level is the trend guide @ 1.3222

Random resistance Monday's highs

AUD Weekly and Daily cycles

my view is that the AUD will remain below the December 50% level for 1 more day:- resistance 1.04/1.0413

Random support around Monday'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

29th December 2012 Euro & AUD Weekly Report

Euro Monthly & Weekly cycles

The euro looks like it's going to slip back down into 1.3075 & the January 50% level

AUD monthly & Weekly cycles

Moving down into single monthly low support @ 1.0300 for the next 5-days

28th December 2012 Euro & AUD Daily report

Euro Weekly & Daily cycles

Does the Euro continue to remain above the December highs and move towards the Weekly highs?

if so it will need to breakout of Friday's highs.

5-day 50% level is the trend guide & Support

AUD Weekly & Daily cycles

12 hour support Shown...

if it's going to move upwards it will need to break above the 5-day 50% level & December 50% level.

At this stage both those same level is a major resistance zone coming into the end of 2012

• 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 December 2012 Euro & AUD Daily Reports

DOW S&P Weekly cycles

Trend guide the 5-day 50% level along with the December highs @ 1.3321

With Monday's close below the Weekly level I was expecting some short-term weakness which never eventuated. Therefore there is a likely upwards bias over the next 2-days

AUD Weekly and Daily cycles

Trend is weak......

and the 5-day 50% level and 12 hour channels will decide on whether it remains weak for the next 2-days

24th December 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The Euro looks to be moving lower, as per Weekly Report...

Trend guide the Weekly level @ 1.3198 & the 12 hour channels

Random Support Monday's lows

AUD Weekly and Daily cycles

THE AUD is right on Support:- December 50% level

But the Daily cycles suggest more weakness:-

Random Support Monday's lows

5-day 50% level and 12 hour channels Resistance

22nd December 2012 Euro & AUD Weekly cycles

Euro Monthly & Weekly cycles

Weekly cycles suggests the Euro is slipping back into 1.3075 (Random Support)

AUD Monthly & Weekly cycles

Random Support December 50% @ 1.0400, whilst the December single highs (RED) @ 1.05 is likely  going to cap price rising over the 5-days.

If below the December 50% level then 1.03 is random Support

20th December 2012 Euro & AUD Daily cycles

Euro Weekly and daily cycles

There's a Spike above the Weekly and Monthly highs, and at this stage it's too early to tell whether it's a fake break and it reverses down.

Therefore the Weekly & Monthly highs are seen as Support 

AUD Weekly & Daily cycles

Random Support on the Weekly 50% level, but the daily cycles suggest more weakness down into Thursday lows

19th December 2012 Euro & AUD Daily Report

The Euro Weekly & Daily cycles

The Weekly & Monthly highs will define whether there are more upward gains..

and at this stage,there looks like a continuation upwards because of the Tuesday high breakout

AUD Weekly & Daily cycles

Expectating more gains in the AUD has failed.

it could still happn if above the 5-day 50% level and Weekly level @ 1.0538

18th December 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Trend bias is UP

Random Resistance Weekly & monthly highs...

With trailing support aorund the Weely level @ 1.3104

AUD Weekly and Daily cycles

Trend bias is UP, as longs as it's above the Weekly level @ 1.0538

& the 5-day 50% level.

17th December 2012 Eur & AUD Daily report

Euro Weekly & Daily cycles

Trend bias is up into the Weekly & monthly highs (random resistance)

helped by Friday's breakout..

Support levels shown in the daily cycles, along with the Weekly level @ 1.3104

AUD Weekly & Daily cycles

Trend bias is UP into the Weekly highs (random resistance), as part of a move towards the December highs.

Support resides around the 5-day 50% level, matched with the Weekly level @ 1.0538

15th December 2012 Euro & AUD Weekly Report

Euro Monthly & Weekly cycles

December highs target, (Random Resistance) and likely to push higher into the 1st Quarter of 2013

AUD Mnothly & Weekly cycles

Same applies on the AUD

December highs random Resistance, with a move towards the 1st Quarter 2013 highs

14th December 2012 Euro & AUD Daily report

AUD Weekly & Daily cycles

Based on the current price action, I would have to favour Friday moving up towards the Weekly highs+

12 hour channels (White) trend guide

AUD Weekly and Daily cycles

Support resides around the Weekly level @ 1.050

Whilst the Weekly highs @ 1.0535 could act as resistance during the first 12 hours on Friday

13th December 2012 Euro & AUD Daily reports

Euro Weekly & Daily cycles

Trend bias is to continue higher...

but Thursday could remain in between the Weekly highs @ 1.3124 & upper Weekly level (white) 13044

AUD Weekly & Daily cycles

Weekly highs & 12 hour levels are seen as Support @ 1.0535

as part of a move towards the December highs

12th December 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Trend bias is up towards the Weekly highs @ 1.3124

However, there could be some short-term resistance around the Weekly level @ 1.30440

Support:- 5-day 50% level

AUD Weekly and Daily cycles

Random Resistance Weekly highs @ 1.0535

But whilst above Tuesday's highs, there's an expectation that the trend will move towards Wednesday's highs

Trailing Support:- Daily 50% levels & also the Weekly level @ 1.0500

11th December 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The December 50% level continues to support the Euro, and it's going to continue higher

then the levels in the 12 hour range will help (above 1.2935/39)

AUD Weekly & Daily cycles

Weekly cycles suggest the Aussie has stalled @ 1.05

There are two patterns at play today...

#1) Tuesday moves down into the 12 hour support (Random 41 to 84 pips

#2) the 5-day 50% level provides the next leg up, as the trend continues to follow the monthly cycles upwards into the end of December

10th December 2012 Euro & AUD Daily reports

Euro Weekly & Daily cycles

Weekly 50% level is the trend guide after finding support at the December 50% level

 

AUD Weekly and Daily cycles

the AUD is struggling to move above the Weekly levels....

Therefore 1.05 is a random resistance zone

8th December 2012 Euro & AUD Daily report

Euro Monthly & Weekly cycles

Euro Support, and next week's 50% level will define whether it rises upwards or not.

AUD Monthly & Weekly cycles

The AUD is either going to stall around the single monthly highs (Red) and drift into the end of December

or it's going to continue to trend upwards into December highs, and then double top at the January highs in 2013

7th December 2012 Euro & AUD Daily report

Euro Weekly & Daily cycles

Random Support the Weekly level @ 1.2937 & Friday's lows

AUD Weekly and Daily cycles

AUD is back around the Weekly level @ 1.0482

which will decide whether it continues down into 12 hour support....

6th December 2012 Euro & AUD Daily report

Euro Weekly & Daily Cycles

Trend guide is the Weekly highs

along with random Support around its 12 hour lows and 5-day 50% level.

Either it continue higher for the rest of the week

or revisits its 5-day lows

AUD Weekly and Daily cycles

AUD trapped under the Weekly level

12 hour patterns suggest weakness down into Support levels

5th December 2012 euro & AUD daily report

Euro Weekly & Daily cycles

Whilst above the Weekly highs the trend bias is up into the December highs

Therefore those highs is the trend guide, whilst the 12 hour support defines whether it continues higher or not

AUD Weekly and Daily cycles

Even with a cut in rates the AUD continues to rise from the December 50% level.

as we can see last week, the weekly level pushed the AUD lower, therefore it could do the same...

Random Resistance Wednesday's highs

Random 4 hour support (41 to 84 pips) around the 12 hour channels matched with the 5-day 50% level

• 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

4th December 2012 Euro & AUD Daily reports

Euro Weekly & Daily cycles

The Euro has continued upwards and stalled at the Weekly highs, which is also the single monthly highs....

The Trend could continue to push upwards on Tuesday, as price is above Monday's highs..

But I would also keep an eye on for a possible Tuesday reversal from those daily highs

AUD Weekly and Daily cycles

Currently supported on its December 50% level awaiting the rate announcement @ 14.30 today,

which will dictate the direction the AUD goes

• 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

3rd December 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Weekly cycles suggest the upward trend to continue

However, Friday's highs & resistance could lead to the Euro starting with a 2-day reversal (or  a 2-day choppy pattern)

If it's either then the Weekly level @ 1.2937 is random Support

AUD Weekly & Daily cycles

Trend bias is UP using the December & Weekly 50% levels as Support...

However, the AUD could remain choppy & quiet until after tomorrow's Rate announcement @ 14.30

• 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

1st December 2012 Euro & AUD Weekly Reports

Euro Monthly & Weekly cycles

Tredn bias is up ionto next week's highs and the single monthly high @ 1.3075, which is seen as a resistance point for a number of days...

before it continue up into the December highs

AUD Monthly & Weekly cycles

December 50% level and Weekly 50% level is seen as Support...

and for the trend to continue upwards...

Note:- if below those levels, then 4th Quarter support reside around the single monthly lows @ 1.0300

30th November 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Trend bias is to continue higher, but whether it breaks out of the Weekly & Daily highs is yet to be seen...

if it does, then the 2nd 12 hour channel & Friday's highs becomes support for an extension up into next week's highs

AUD Weekly and Daily cycles

AUD continues to remain above the single monthly high @ 1.0436, but it failed to continue higher on Thursday, as the Weekly levels stopped that from happening

whilst above 1.0436 the trend bias is up, but at this stage the daily cycles & 50% level could push the AUD down into Friday's lows

those lows are 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

29th November 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Weekly level Support and the rest of this week is based on whether the next 2-days continues to trend higher to close out the month of November...

if that's the case then support resides around the 12 hour channels

AUD Weekly and Daily cycles

Single monthly high support @ 1.0436, and now it's based on whether the next 2-days continues higher

or remains under the upper Weekly levels...

12 hour support as shown....