31st March 2012 Euro & AUD Weekly Reports

Euro Monthly and Weekly Cycles

Trend bias is to continue higher.... however there are a number of higher timeframe levels that can stall the Euro from rising higher...

2nd Quarterly 50% level and also the April highs.

Note:- Yearly 50% level @ 1.3587. current primary trend remains bearish

AUD Primary and Weekly cycles

overall target remains 1.12...

if the AUD is going to follow that cycle, then Support resides around the 2nd Quarterly 50% level and single monthly lows @ 1.0247/73

30th March 2012 Euro & AUD Daily reports

Euro Weekly and daily cycles

Last Trading day of the month and Quarter...

today's trading is based on whether the market remains consolidating between the weekly levels...

or it makes a play for Friday's highs and beyond.

Trend guide the 5-day 50% level...... if above let it run into the close of today and open Monday..

if below random pattern within the 12 hour ranges

AUD Weekly and Daily cycles

5-day 50% level and Weekly level @ 1.0406 will define whether the trend will remain flat and continue down into the April 50% level (2nd Quarter 50% level)

if above those levels:- it's a random pattern that could see the trend continue up towards the March 50% level @ 1.0486

• 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 March 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

based on the current patterns within the daily and Weekly cycles...

today looks like it could be choppy...(focus on 41 pips during 4 hour patterns with the 12 hour ranges)

Random support the 5-day 50% level.

Could dip down into the Weekly level @ 1.3255 (support)

AUD Weekly and Daily cycles

Trend looks to be moving down into the Weekly and Daily lows :- random support. (41 to 85 pips)

As we can see the past 3-weeks has resulted in Thursday closing below the Weekly lows, and then Friday reversing upwards.

As per Weekly Report, current price action looks to be drifting down towards the 2nd Quarterly 50% level in April

• 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 March 2012 Euro & AUD Daily Reports

Euro Weekly and Daily cycles

Euro Failed to continue higher, as Tuesday dips to be inside the Weekly highs.

not sure how the Wednesday will play out, but it now looks like price will be inside the 12 hour channels...

and drift down towards the 5-day 50% level, which matches the Weekly level @ 1.3255 (support)

AUD Weekly and Daily cycles

AUD continues to struggle, as price is likely to remain below the single monthly lows.

first 12 hours will be defined by the 5-day 50% levels

• 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 March 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Breakout of the Weekly highs can see the trend continue up towards the single monthly highs @ 1.35170

Random resistance Tuesday's highs.

Trailing support:- 12 hour 50% , which aligns with Monday's highs.

AUD Weekly and Daily cycles

Even though my view is that the AUD is rising up towards 1.12...

There aren't any ideal long set-ups to because of the higher timeframe cycles & 50% levels....

Weekly 50% level is 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

26th March 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

If the Euro is going to continue higher, then it needs to breakout of the Weekly and daily highs.

Trend guide and random support the Weekly and 12 hour channels (white)

AUD Weekly and Daily cycles

my view is that the AUD will continue to move down towards the 2nd Quarterly 50% level...

Anything above the 5-day 50% level  could see the AUD rise

However, there are too many levels that can act as resistance:- Weekly 50% level @ 1.0541 & single monthly lows @ 1.0578

• 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 March 2012 Euro & AUd Weekly Reports

Euro Monthly and Weekly cycles

If the Euro is going to continue to move upwards;- March highs...

it will need to breakout of the Weekly highs

AUD Monthly and Weekly cycles

Trend bias is UP towards 1.12...

however, the short-term price action so far suggests the trend drifting towards the 2nd quarterly 50% level and April monthly lows

which will be seen as support for a move upwards.

23rd March 2012 Euro & AUD Daily Reports

Euro Weekly and Daily cycles

Euro continues to be Supported above the March 50% level, but it remains choppy within the daily ranges....

each way bet on Friday's direction using the 5-day 50% level...

if it moves down, then Friday's lows and Weekly level @ 1.3100 is seen as support, for a potential rise upwards from a lower weekly open next week.

AUD Daily and Weekly cycles

AUD looks weak, as it's below a number of higher timeframe levels, and also a breakout of Thursday's lows.

based on these patterns, my view is that price will continue down into Friday's lows.

However, as we have seen over the past 2-weeks, the same breakout patterns have resulted in fake break patterns and the following day moves upwards.

Trend guide:- 5-day 50% level and 11am levels as 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

22nd March 2012 Euro & AUD Daily reports

Euro Weekly and daily cycles

The Weekly 50% level isn't providing the next leg upwards, instead it's simply providing some form of support.

5-day 50% level and 12 hour channels (white) are seen as Support.

My view remains, after last week's support the trend bias is trying to move upwards, as long as it's above the March 50% level @ 1.3166

AUD Weekly and Daily cycles

Daily cycles suggest more weakness towards the Daily lows, using the 12 hour 50% level and white channel as the trend guides.

However, the Weekly lows remain a random support zone.

Note:- AUD is currently trading below the single monthly lows (red) and looks to be drifting towards the 2nd Quarterly 50% level in April.

• 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 March 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Trend bias is to continue higher, using the Wekely 50% level as a trend guide along with the 11am levels.

That view will change if the Euro suddenly begins trading below the Support and 5-day 50% level

AUD Weekly and Daily cycles

Looks like the AUD won't rise upwards, and as per Weekly report drift down towards the 2nd Quarterly 50% level.

today:- 5-day 50% level and channel lows resistance.

Random support Weekly lows and Wedneday'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

20th March 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

The current price action coming into the end of the first Quarter is based on whether the next couple of weeks continue to rise upwards, and then makes a move towards the 2nd Quarter highs (April)

Today:- trailing support the Weekly 50% level if there is any weakness.

Whilst Tuesday's highs and the Weekly level @ 1.3318 becomes random resistance.

12 hour channels and 50% levels are the trend guide on whether the trend pushes upwards early on Tuesday from 11am onwards

AUD Weekly and Daily cycles

As noted in the Weekly report, the single monthly lows (red) are going to be critical on whether the trend continues upwards in the last 2 weeks of the first Quarter.

The question remains whether the trend breaks out of Tuesday's highs or not.

Trend guide 11am levels

• 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 MARCH 2012 EUR & AUD DAILY REPORT

Euro Weekly and Daily cycles

As long as the Euro is above the monthly 50% level the trend bias is up.

However, it will need to breakout of Monday's highs and the Weekly 50% level for that to happen....(random resistance)

12 hour support as shown within the daily channel 50% levels

AUD Weekly and Daily cycles

The same applies with the AUD...

if above the single monthly lows @ 1.0578 the trend bias is UP...

however, the Weekly 50% level and Monday's highs need to breakout (random resistance)

Trailing support:- the 12 hour 50% levels and white channel 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

17th March 2012 Euro & AUD Weekly Reports

EURO Monthly & Weekly cycles

The Euro looks like it could rally upwards over the next 2-weeks towards the March highs and Quarterly 50% levels.

That will depend on next week's 50% level...

otherwise price could slip down into the single monthly lows in the monthly cycles @ 1.2963 over the next 2-weeks until the start of the 2nd Quarter.

AUD Monthly and Weekly cycles

Overall target for the AUD is 1.12 (primary cycle).

next week is either going to rally upwards, using the single monthly lows and Weekly 50% level as the trend guide.

or the same levels will act as resistance and keep the AUD subdued until the start of the 2nd Quarter, as the new Quarterly 50% level provides the next THRUST pattern towards 1.12

16th March 2012 Euro & AUD daily reports

Euro Weekly and Daily cycles

single monthly low support and 11pm support pattern has pushed to Euro higher.

It now looks like it will continue up towards the MARCH 50% level:- random resistance (Friday's highs)...

using the 5-day 50% level as the trend guide

if it dips down today, then the Weekly lows are seen as support @ 1.3039

AUD Weekly and Daily cycles

AUD failed to continue down with Wednesday's breakout of the Weekly lows...

if now looks like Friday will continue upwards using the 5-day 50% level as the trend guide.

There are two patterns at play...

#1) AUD continues to remain below the single monthy lows, and Friday remains choppy within the 12 hour range.

#2) Fake break of the Weekly lows and Friday trends upwards:- Friday high breakout.

Note:- Monthly lows @ 1.0578 and Friday's highs are random resistance zones

• 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 March 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

The Euro has continued down into Wednesday's lows, and also the single monthly lows @ 1.3006.

At this stage it's too early to tell whether the trend will begin to rise back up towards the March 50% level...

or whether the March 50% level is trying to send the Euro lower, breaking these higher timeframe support levels and extending down towards the 2nd Quarterly lows in April.

Short-term the 11am levels will define whether there is a continuation down into Thursday's lows...

or a rise upwards

AUD Weekly and daily cycles

Not a good sign to be breaking the weekly lows and also the March 50% level...

based on the current price action and Wednesday's close, I would have to say the market is moving down Thursday's lows (random support)

12 hour 50% level resistance.

Note:- don't hold shorts above the March 50% level @ 1.04860

• 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 March 2012 Euro & AUD Daily reports

Euro Weekly and Daily

looks to be moving down into Wednesday's lows ( Random Support Weekly lows)

and also the single monthloy los (RED) @ 1.3306

AUD Weekly and daily cycles

Continues to remain within the higher timeframe levels and above Support...

needs to breakout above the 5-day 50% level...

which could happen after 11pm...

• 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

13th March 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Today's trading is based on whether the Euro will move down again, using the March 50% level and 5- day 5% level towards the Weekly lows...

or potentially breaks above.

I would play resistance, and adjust if wrong

AUD Weekly and daily cycles

March 50% level Support, along with the completion of the break and extend pattern in the Weekly cycle (Weekly low support)

if it's going to continue higher, then it needs to break above the 5-day 50% level and 12 hour channel.

Note:- it's currently trading below the single monthly lows @ 1.0578, therefore it may remain below this for a number of 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

12th March 2012 EURO & AUD Daily reports

Euro Weekly and Daily cycles

March 50% level, Weekly level ,and 5-day 50% level would be seen as resistance on Monday....

Whilst Weekly lows and Monday's lows are random support.

AUD Weekly and Daily cycles

Whilst below the Weekly level, the trend bias is down, into the Weekly lows and March 50% level (Support)

Random support in the 12 hour range

5-day 50% level is the trend guide (resistance) along with the Weekly level....

Obviously that could change in Monday (11am) is trading above those levels.

• 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 March 2012 Euro & AUD Weekly reports

EURO Monthly and Weekly cycles

If the Euro is going to continue higher, using the MARCH 50% level & lower Weekly open as support....

Then it's going to be helped by next week''s Weekly level @ 1.3160..

otherwise it can dip down towards the single monthly lows @ 1.29630

AUD Monthly and Weekly cycles

This week's lows failed to push the AUD upwards on Friday, instead closing on it's daily lows

next week's level @ 1.0570 will define whether the trend continues upwards...(lower Weekly open and towards a higher Weekly close)

or

 follows a 2 week cycle pattern down into next week's lows (random Support)

9th March 2012 Euro & AUD Daily reports

Euro Weekly and Daily range

11am Support levels sent the Euro crashing upwards through the 5-day 50% level...

The trend is likely to continue up towards Friday's highs (random resistance)...

Whilst Friday's 50% levels are random support zones.

Note;- don't hold shorts above the 5-day 50% level, as the trend bias could continue towards the Weekly highs by next week.

AUD Weekly and Daily cycles

Fake Break pattern in the Weekly cycle (Weekly low) is likely to see more gains on Friday towards the Weekly 50% level.

If there is early weakness during the first 12 hour pattern, then the Weekly lows are seen as support, for a move higher.
Friday's highs random 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

8th March 2012 Euro & AUD Daily reports

Euro Weekly & Daily cycles

Conflicting patterns in the Euro, as the overall trend remains below the MARCH 50% level, but remaining within the Weekly levels.

If the Euro is going to continue lower, it needs to be trading below Wednesday's lows...

otherwise the 11am levels could see price rise into the 5-day 50% level (resistance)

AUD Weekly and Daily cycles

My view is that the Weekly lows will act as resistance and push price down towards the March 50% level & Thursday's lows (random Support)

The 11am levels will be the trend guide on whether that happens early today, otherwise the 11am levels can push price up into the 5-day 50% level (Resistance).

Note:- if the AUD is trading above the 5-day 50% level, then this week could be a 'FAKE' break pattern, which results in the next 2-days rising back towards the Weekly 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

7th March 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

March 50% level didn't support the trend...

and because of Tuesday's breakout, it looks like it's moving down into Wednesday's lows

trend guide 12 hour 50% level, which the March 50% level becomes the resistance zone

AUD Weekly and Daily cycles

Daily and Weekly lows didn't support the trend, and it now looks like it's moving down towards the MARCH 50% level.

Trend guide the 12 hour 50% level (blue)

Wednesday's lows random support, along with the MARCH 50% level.

Note:- Weekly lows can form resistance for the rest of the Week

6th March 2012 AUD & Euro Daily report

Euro Weekly and Daily cycles

MaRCH 50% LEVEL support, but it's not until the there's a daily close above the Weekly 50% level.

potential patterns in the 12 hour range, as shown in the daily cycle chart.

Random resistance 5-day 50% level

AUD Weekly and Daily cycles

Price looks to be moving down into Daily & Weekly lows, which 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

5th March 2012 Euro & Aud Daily reports

Euro Weekly and Daily cycles

Breakout of the 5-day lows on Friday, and I would look for a contiuation down into Monday's lows.

Random support the March 50% level @ 1.3166

AUD Weekly and Daily cycles

Weekly and 5-day 50% level is the trend guide
If below, then the Weekly lows are Support zones

with the expectation the trend is moving up towards the MARCH 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

3rd March 2012 Euro & AUD Weekly reports

Euro Monthly & Weekly cycles

The continuation of the UP trend in the Euro is dependant on the March 50% level and the Weekly level @ 1.3120

Monthly & Weekly cycles

Trend bias is UP

Weekly 50% level is the trend trend....

if below, then the Weekly lows and single monthly lows become the Support zone during this Quarter

• 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