1st February 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

February 50% level and 5-day 50% level could send the Euro lower...

Whilst the Weekly level @ 1.30260 could support the trend during the first 12 hours. (Wednesday's lows)

daily 50% levels (channel lows) are seen as resistance


AUD Weekly and Daily cycles


My view is UP towards the Weekly highs...

trend guide 5-day 50% level...

however, there could be some early weakness towards the 12 hour channel lows (1.05530/5610







  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT

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    • 31st January 2012 EUR, AUD Daily reports

    Euro Weekly and Daily cycles

    Monday has retested the previous Wekely high, without moving as low as the Weekly level @ 1.3026.

    my view is that price will try and move upwards on Tuesday, during the first 12 hours....

    as long as it's above 12 hour channels and 50% level.

    if not:- random support the Weekly level


    AUD Weekly and Daily cycles


    My view is that the Aussie Dollar will move higher, as part of the breakout pattern towards this week's highs.

    12 hour levels are seen as Support and 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





    • 30th January 2012 Euro, AUD Daily reports

    Euro Weekly and Daily cycles

    Monday's high and Weekly highs are seen as resistance


    AUD Weekly and Daily

    Weekly highs are seen as resistance.

    I would like to see the AUD retest last week's breakout before the trend continues up towards the Feb highs

    Note:- January highs @ 1.0796 could be touched over the next 2-days




    • 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 January 2012 Euro & AUD Weekly Reports

    Euro Monthly and Weekly cycles

    rotating back towards the January 50% level....

    and then my view is that it could stall and rotate down over the next 5-days.

    if the Euro is going to continue higher or not will be based on the week after next.

    AUD Weekly cycles

    Trend bias is to move up (2-month wave pattern)

    hopefully price retests this week's breakout before it completes the 2nd wave pattern in February.

    over all target for 2012 remains $1.12

    27th January 2012 Euro, AUD Daily reports

    Euro Weekly and Daily cycles

    Daily 50% levels and 12 hour channels, along with the Weekly highs will determine whether Friday continues to move upwards, as part of a move towards the monthly 50% levels by next week.

    AUD Weekly and Daily cycles


    Same applies with the Aussie dollar....

    Daily 50% levels as part of a move towards the January highs...

    or Friday moves down into the Weekly highs @ 1.0544

    • 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 January 2012 Euro & AUD Daily reports

    Euro Weekly and Daily cycles

    Trend bias is to continue towards the January 50% level by next week.

    However, this week's highs could form a resistance zone in early trading.

    5-day 50% level and 12 hour channels:-  support

    AUD Weekly and Daily cycles

    Breakout:- trend bias is to continue towards the January highs by next week:- 1.07+

    12 hour channel support (White)

    random resistance Thursday's highs.

    25th January 2012 Euro, AUD Daily report

    Euro Weekly and Daily cycles

    12 hour levels will determine whether Wednesday continues towards the Daily and Weekly highs.

    Those highs are random resistance levels


    AUD Weekly and Daily cycles

    Same applies on the AUD...

    12 hour levels will determine whether price moves up towards the channel highs (random resistance 41 to 84 pips)





    • 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 January 2012 Euro AUD Daily report

    Euro Weekly and Daily cycles

    Monday breakout and above the Weekly level should continue up into the daily and Weekly highs on Tuesday.

    Therefore the Weekly level and 12 hour 50% levels are seen as support,

    whilst the highs are seen as resistance.



    AUD Weekly and Daily cycles

    January highs are the target @ 1.07

    however, with the AUD trading around the Weekly highs, it's not a forgone conclusion.

    currently there is a Monday high breakout, the 12 hour 50% level (white & Blue)...

    will determine whether the trend moves up into Tuesday's highs and beyond.

     


    • 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 January 2012 Euro and AUD Daily reports


    Euro Weekly and Daily cycles

    Weekly level @ 1.29730 will determine whether the euro continues towards this week's highs....

    or remains flat and retests the Weekly 50% level.

    12 hour channels as the trend guide


    AUD Weekly and Daily

    Trend bias is to continue towards the January highs @ 1.07.

    That means there could be a last week in the month ( rally over the next 5-days ).

    However, Weekly and Daily highs on Monday are seen as resistance.

    12 hour channel support @ 1.0445-520



    • 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 January 2012 Euro AUD Weekly Reports

    Euro monthly and Weekly cycles

    The euro is either going to continue to move up towards the January 50% level, helped by price trading above the Weekly level @ 1.2973..

    or remain sideways until the start of February, which could then decide whether the Euro moves back down towards the 2012 Yearly lows

    AUD Weekly and Daily cycles

    Primary cycles pusing the AUD up towards 1.12 (Yearly highs)

    However, the first target remains the January highs @  1.07+

    Trend guide and support the Weekly level @ 1.04060/ 1.0433

    20th January 2012 Euro, AUD Daily reports

    Euro Weekly and Daily cycles

    Euro hitting resistance levels around the Weekly and Friday's highs.

    this could lead to a 2-day reversal pattern at the start of next week.

    However, the Euro could also follow a double extension pattern in the Wekely cycle, and continue up towards next week's

    AUD Weekly and Daily cycles

    My view is that the AUD is moving towards the January highs @ 1.07

    however it's currently hitting resistance levels:- Weekly and single monthly highs

    no probability pattern for today

    trade the 12 hour patterns



    • 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



    • 19th Janaury 2012 Euro, AUD, Daily reports

    Euro Weekly and Daily cycles

    Hard to tell whether there will be more gains on Thursday because of the Weekly 50% level could act as resistance.

    12 hour 50% levels will be the trend giude on whether Thursday continues toward the daily highs or not


    AUD Weekly and daily cycles

    The same with the AUD...

    Hard to tell whether it will breakout of the Weekly and daily highs on Thursday, even though I have an expectation that the AUD is moving towards the January highs @ 1.07+

    Trend guide and support 12 hour channels (white)



    • 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



    • 18th January 2012 Euro & AUD Daily report

    Euro Weekly and Daily cycles.

    5-day 50% level and Weekly level will determine whether the trend continues up towards Wednesday's highs and the Weekly 50% level

    AUD Weekly and Daily cycles

    Overall trend bias is to move towards the January highs @ 1.07+

    however, based on Tuesday's price action (Weekly high Resistance), it's hard to tell whether Wednesday will continue towards the daily highs

    or begin a move back towards the Weekly 50% level (support) (2-day reversal

    5-day 50% level and 12 hour channel highs @ 11am will be 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



    • 17th January 2012 Euro & AUD Daily reports

    Euro Weekly and Daily

    Euro hanging around the January lows...

    trade the 12 hour channels (White) from 11am (either way)

    Random resistance the Weekly level @ 1.2732


    AUD Weekly and Daily cycles

    Trend bias is up towards the Weekly highs.

    Not sure whether Tuesday will breakout of the 5-day highs.

    Trend guide and Support 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




    • 16th January 2012 Euro & AUD Daily reports

    Euro Weekly and Daily

    Below the January lows could see the trend move down into this week's lows.

    Random Support Monday's lows

    Resistance 5-day 50% level & 12 hour channel lows


    AUD Weekly and Daily cycles

    5-day 50% level trend guide

    Weekly 50% level and Monday's lows (Support)

    14th January 2012 Weekly Reports Euro & AUD

    Euro Monthly and Weekly cycles

    S&P downgrade of the French sent the Euro back down into the January lows once again.

    There are 2 patterns at play next week....

    #1) January lows supports the trend and slowly rotates upwards, using the Weekly levels as trend guides.

    #2) Continues down into the 2012 Yearly lows @ 1.2546



    AUD monthly and Weekly cycles


    2012 Yearly 50% level Support of the Aussie dollar is failing to get the Thrust pattern moving upwards. (Trending pattern of 3-weeks)

    Instead it has been floundering within the Weekly cycles.

    If it's going to breakout of the Weekly highs, then it might happen the closer it comes to the end of the month.

    Two Support patterns:- Weekly 50% level 

    & Weekly lows Matched with the January 50% level.


    Anything below those Weekly lows and January 50% level is open to RISK

    13th January 2012 Euro and AUD Daily reports

    Euro Weekly and Daily

    Not sure whether the Euro will breakout of Friday's highs.

    If the Euro is going to continue higher, then I would think it will be from next week as the weekly levels shift.

    expectation that Friday could remain between the 5-day 50% level and Friday's highs

    AUD Weekly and Daily cycles

    I still have the view that the AUD is moving higher.

    Random resistance friday and Weekly highs.



    • 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 January 2012 Euro AUD Daily reports

    Euro Weekly and Daily range


    Has reached the Janaury lows, and now we look to see if the euro is going to swing  back up towards the Weekly level.

    However, in early trading on Thursday, it looks more like the 5-day 50% level and 12 hour channels will act as resistance.

    Thursday's lows random support

    AUD Weekly and Daily

    Trend bias is to continue higher... (Weekly highs target)

    Weekly level trend guide @ 1.0380


    • 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



    • 11th January 2012 Euro & AUD Daily Report

    Euro Weekly and Daily

    Hard to tell what the Euro is trying to do, as it has retested last week's low breakout, which could see the trend move back down towards the January lows once again.

    However, the 11am levels could push the price up towards the Weekly level @ 1.2851 (if above the 5-day 50% level)
    Note:- 12 hour channels white  should be used as the trend guide

    AUD Weekly and Daily

    AUD continues to look like it will move towards the Weekly highs.

    Trend guide Weekly level @ 1.0380

    Along with the 12 hour channels

    Support 5-day 50% level.

    Random resistance Wednesday's highs.




    • 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 January 2012 Euro & AUD Daily Reports

    Euro Weekly and Daily

    First 12 hours today could see the trend remain within the 12 hour white channels...

    At this stage the Weekly level  @ 1.2851 and 5-day 50% level is seen as resistance
    AUD Weekly and Daily range

    After Monday's support off the Weekly 50% level, and price is still above the Yearly 50% level...

    The trend bias is UP

    However, during the first 12 hours there isn't a high probability set-up for longs.

    I would continue to use the Yearly 50% level @ 1.0222 along with the 12 hour 50% level as the trend guide.

    Random resistance Weekly level @ 1.0308



    • 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 January 2012 Euro & Aud Daily reports

    Euro Weekly and Daily

    Trend bias is down into the January lows (Monday's lows Support)

    1.2742 will decide whether that's going to happen, or whether price moves up into the 5-day 50% level (Resistance) and 12 hour channnel

    AUD Weekly and Daily

    Trend guide on open is the 12 hour channel lows (White)

    this will decide whether the AUD will rise up from the Yearly 50% level...

    or continue down into the Weekly 50% level  (Support) & 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



    • 7th January 2012 Euro & AUD Weekly Reports

    Euro Monthly and Weekly cycles

    Moving down into the January lows (Weekly lows)...

    First Quarter support, but it's too early to tell whether it will swing upwards...

    As price could be moving down into the 2012 Yearly lows @ 1.2546

    AUD Primary and Weekly cycles

    AUD failed to continue with the breakout of the Weekly highs...

    And price is now back down into Yearly 50% level @ 1.0222...

    Not a good sign on the AUD based on Friday's close, but it continues to hold its head above water.

    the Weekly 50% level is now the random support level

    6th January 2012 Euro, AUD, Daily report

    Euro Weekly and Daily Report

    Price is down into the Weekly lows....

    and based on Thursday's breakout, expectation it's extending down into Friday's lows, as a move towards the Monthly lows in January...

    Trend guide 12 hour 50% level.

    AUD Weekly and Daily

    AUD didn't continue higher, but was pushed down from the 11am levels...

    today's trading is simply based on the Weekly level @ 1.0256 and the 5-day 50% level.

    The trend is either going to move upwards, but struggle  to move higher than the 12 hour channel highs @ 1.0348...

    or Friday is going to move down, towards the 12 hour channel lows...(1.0208)

    and possibly towards the January 50% level.

    In conclusion:- Primary cycles are bullish, but will turn bearish if Friday closes below 1.0222




    • 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



    • 5th January 2012 Euro & AUD Daily reports

    Euro Weekly and Daily cycles

    As with yesterday, it's hard to tell whether the Euro will continue lower, or the Weekly level @ 1.2934 will act as support.

    if it's going to continue lower, then the 5-day 50% level and 12 hour channel will send it down into Thursday's lows and then towards a lower Friday close (Weekly lows)

    Trend guide 5-day 50% level


    AUD Weekly and Daily cycles


    Weekly highs are forming support, and based on the current price action, my view is that the trend will remain above this level and extend towards new Weekly highs next week.

    trend guide the 12 hour channels



    • 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 January 2012 Euro, AUD Daily reports

    Euro Weekly and Daily

    Hard to tell whether the Euro will continue higher, as there isn't a 5-day high breakout or a daily close above the Weekly 50% level

    5-day 50% level trend guide & random support


    AUD Primary and Weekly cycles

    New Primary cycle is pushing the Aussie dollar higher, along with a breakout of the Wekely highs confirms the bullish pattern.

    Target January highs, and then the Yearly highs.


    AUD Weekly and Daily cycles


    Trade the 12 hour cycles, with the daily 50% level used as trend guides and support...

    Whilst the 5-day highs have less probability to form resistance ( more than .41 to 85 pips.)
    At this stage I would treat the Weekly high levels as support (breakout) and a continuation  upwards into next week's highs.



    • 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



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