1st MAY 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

First day of the month, and the Euro's trend is guided by the Weekly level matched with the new monthly 50% level in MAY

Daily cycles aren't providing any clues in which direction it will go, other than remaining above the 5-day 50% level

AUD Weekly and Daily cycles

The higher timeframe levels aren't helping the AUD continue higher, as seen with Monday's trading.

As per Weekly Report, my view is that the AUD will continue higher, however, that will depend upon today's rate announcement at 14:30...

until then it might continue to slip back towards the daily levels, (5-day 50% level & 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

30th April 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Daily cycles aren't providing any clues on which direction that trend will take...

but the Weekly level @ 1.3233 and the 5-day 50% levels from 11am will decide whether the trend will continue higher or not (Monday 5-day breakout?)

target Weekly highs

AUD Weekly and Daily cycles

April 50% level is the trend guide @ 1.0451

There's a Friday 5-day high breakout, therefore my view is that it will extend towards Monday's highs, which match the Weekly highs.(random resistance)

Then things get interesting from the 1st of MAY and the new monthly 50% level.

if there's early weakness today, then the random support levels from 11am come into play.

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 April 2012 Euro & AUD 27th April 2012

Euro Weekly and Daily cycles

Random Support 5-day 50% level

Weekly and April 50% level Random Support

AUD Weekly and Daily cycles

Even though the trend is trying to Rise Upwards, and my overall view is for the AUD to continue higher..

without the valid HOOK pattern on Tuesday, it's not guaranteed that Friday will continue higher.

Weekly 50% level remains the trend guide

Along with the 12 hour channels (white)

Trailing Support 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

26th April 2012 EURO & AUD

Euro Weekly and Daily cycles

I still have the view that the Euro is trying to move higher by Friday

Random resistance Weekly level @ 13268

AUD Weekly and Daily cycles

Trying its best to continue higher.....Friday and then higher highs next week.

Weekly 50% level is now the trend guide along with 12 hour channels (white)

Random resistance Thursday'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

25th Apriil 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

if the Euro is going to continue higher, then 11am levels come into play.

Random resistance Wednesday's highs

Trailing support as shown

AUD Weekly and Daily cycles

the only way I could get bullish on again, is if the AUD forms a Weekly HOOK pattern. That is when price moves down into Tuesday's 5-day lows (support) and then closes higher:- above the 5-day 50% level and also the Weekly 50% level. if that's the case, then the rest of the week would normally close higher:- higher highs by Friday. (yesterday's report)


We nearly have the making of a Weekly HOOK pattern, we just don't have the confirming close above the 5-day 50% levels and Weekly 50% level.....

Therefore I can't be as bullish  (higher highs by Friday and then Monday next week) without that close.

However, the 5-day 50% level will now be the trend guide for Wednesday, and that continuation upwards might still happen.

• 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 April 2012 Euro & AUD Daily cycles

Euro Weekly and Daily cycles

I was looking for more support this week, with the two key levels (Weekly and monthly 50% levels)

That might happen today.... as the 5-day 50% level comes into play

but it could also continue lower.

simply trade on the side of the 11am levels

AUD Weekly and Daily cycles

Monday's price action wasn't expected (always expect the unexpected), as it didn't fit in with the overall patterns in the Quarterly and monthly cycles.

Currently, the Weekly 50% level trend is weak, and by looking at the price action the trend continue continue down into Tuesday''s lows.

the only way I could get bullish on again, is if the AUD forms a Weekly HOOK pattern.

That is when price moves down into Tuesday's 5-day lows (support) and then closes higher:- above the 5-day 50% level and also the Weekly 50% level.

if that's the case, then the rest of the week would normally close higher:- higher highs by Friday.

• 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 April 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

last week of the month, and this week's trading is based on whether the last 5-days of the month continues to move towards higher highs by Friday....

11am levels will help, with random resistance Monday's highs and the Weekly level @ 1.3268

Support:- Weekly 50% level and April 50% level

AUD Weekly and Daily

Same applies on the AUD....

Trend guide Weekly 50% level @ 1.03520

• 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 April 2012 Euro & AUD Weekly Reports

Euro Monthly and Weekly cycles

Trend bias is to try and make the 2nd Quarterly 50% level by MAY

AUD Monthly and Weekly cycles

Trend bias is UP...

but it needs to break and Weekly highs and begin trading above the April 50% level

Week have had a NO control Weekly pattern.

therefore, if it breaks the 5-day high, then it's likely to trend towards higher highs by Friday

Weekly 50% level is the trend guide

20th April 2012 Euro & AUD Daily Report

Euro Weekly and Daily cycle

The Euro is range bound between a number of key levels that are acting are support & acting as resistance, and this may continue  on the last day forming a 'NO CONTROL' weekly pattern.

however, it could also see a last day of the Week rise upwards:- higher Friday close. (5-day breakout)

I would focus on the 12 hour channels (41 pips), and then wait to see if there's a 12 hour breakout in the 1st half of the day, and then try and jump on in the 2nd 12 hour using friday's highs as support

AUD Weekly and Daily cycles

Weekly and Daily 50% levels suggest Friday is moving down into Friday's lows (random support)

However, above the 5-day 50% level, and first target is Friday's highs...(random resistance)

and adjust during the 2nd 12 hours if there's a breakout of the 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

19th April 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The euro continues to remain above support levels, but price fails to remain above the 5-day 50% level, as the trend is below the APRIL 50% level.

Trend guide 5-day 50% level.

Could continue to remain choppy within the 12 hour channels (white)

AUD Weekly and Daily cycles

Can't remain above the Weekly 50% level.

Trend guide based on the 5-day 50% level and Weekly 50% level.

it currently looks bearish, with the 12 hour channel lows as support.

However, it would not surprise me to see Thursday choppy either side of the 50% levels 

18th April 2012 Euro AUD 2012 Daily report

Euro Weekly and Daily cycles

5-day 50% level support....

However, I'm not sure whether it will break the Weekly 50% level and Wednesday's highs

AUD Weekly and Daily cycles

12 hour channels and 5-day 50% level is once again seen as support/trend guide.

Random resistance Wednesday's highs & the April 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

17th April 2012 Euro AUD Daily report

Euro Weekly and Daily cycles

April 50% level has stalled the Euro from rising....

However, it will be up to the 5-day 50% level and also the Weekly level @ 1.3091 if there's more gains towards Tuesday's highs....

and beyond (Weekly 50% level)

AUD Weekly and Daily cycles

fake break of 12 hour support....

and now it's up to the Weekly 50% level, and also the 5-day 50% level if there are more gains

Weekly 50% level has acted as resistance for 5 weeks now, but the 5-day 50% level and 12 hour channels once again become support...

as part of the trend rising up from the 2nd Quarterly 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 April 2012 EURO & AUD Daily report

EURO Weekly and Daily cycles

Whilst below the April 50% level and now Weekly level @ 1.0391 the trend bias is weak.

However, Monday's lows and also the single monthly lows could form another support zone and more consolidating

If looking to trade longs today I would focus on the lesser ranges of .41 pips during the first 12 hours,

AUD Weekly and Daily cycles

My view is UP, but not whilst it's below the Weekly 50% level.

Keep an eye on 12 hour support, and then trading above the Weekly 50% level after 11am today.
Otherwise, a break of 12 hour support, could see the AUD back down into the recent lows once again.

• 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 April 2012 Euro & AUD Weekly Report

Euro Monthly and Weekly cycles

either the Euro remains above the single monthly lows and continues up towards the 2nd Quarterly 50% level...

Trend guide Weekly level @ 1.3091

or it fails and continues down once again

AUD Monthly & Weekly cycles

Next Week's 50% level is the trend guide on whether the trend continues higher

or NOT.

13th April 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

April 50% level is seen as Support.

there is a Thursday high breakout that should see the trend continue up towards the Friday's highs and the Weekly 50% level (random resistance)

12 hour 50% level is the trend guide

AUD Weekly and Daily cycles

AUD has stalled at the APRIL 50% level, with the potential to continue higher over the coming weeks

Today:- There is a breakout of Thursday's highs that could see the trend continue up into Friday's highs.

12 hour channels and 50% level is the 4 hour- 12 hour trend guides

However, the April 50% level could push price back down as part of retesting Thursday's breakout.


if that's the case, the next UP leg could eventuate from next week's 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

12th April 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The Euro is still caught between a Rock and a Hard place....

Single monthly lows continue to support the trend, whilst the April 50% level is forming resistance.

Trend guide is the 5-day 50% level

AUD Weekly and Daily cycles

AUD performing better, but it still needs to break out of the 5-day highs...

first target 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

11th April 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Single monthly lows continues to support the Euro, but it can't move above the April 50% level.

Current price action in the 5-day range suggests the 5-day 50% level will push the euro down in the daily lows...

Be aware of any breakout of those 5-day lows, as they could act as resistance in the 2nd 12 hour range from 11am.

If above the 5-day 50% level... then adjust

AUD Weekly and Daily cycles

The AUD was looking good yesterday, but when it failed at the 5-day highs and began to trade under the 5-day 50% level...

I knew the AUD will come under selling pressure.

At this stage the higher timeframe levels continue to support the current trend...

however, Wednesday looks like it will follow the daily cycles towards the daily lows...

Don't hold longs below those 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

10th April 2012 Euro & AUD daily report

Euro Weekly and Daily cycles

Does the Euro continue to rise up from a lower weekly open and single monthly low support?

if so, it needs to remain above the 12 hour channel highs (White) and then the 5-day 50% level.

AUD Weekly and Daily cycles

AUD is currently consolidating above higher timeframe support...

and if it's going to continue to move upwards...

then today's 5-day 50% level at 11am will be the deciding factor.

first target remains the Weekly 50% level, as per Weekly report

• 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 April 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Overall trend bias is bearish whilst below the April 50% level.

single monthly lows has supported the current trend.

If it's going to move upwards (lower Weekly open)

then 11am levels are support zone

AUD Weekly and Daily cycles

As per Weekly report, my view is UP...

Weekly level random support @ 1.0277

needs to be above 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

7th April 2012 Euro & AUD Reports

Euro Monthly and Weekly cycles

Does the single monthly lows (Red) support the Euro?

And does it begin to rise upwards from next week?

The Weekly level and April 50% level will define whether that's going to happen

AUD Monthly and Weekly cycles

As per previous Weekly report, my view is that these 2nd Quarterly levels will support the AUD and hopefully it begins to rise upwards from next week...

Partial exit @ Weekly 50% level

6th April 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

12 hour 50% level will define whether the trend continues down into Friday's lows....

or whether the single monthly low (red) and the Weekly 50% level Supportsthe trend during the 2nd 12 hour timeframe from 11pm

AUD Weekly and Daily cycles

Remains supported above the higher timeframe levels, as per last week's report.

However, it's struggling to move above the 5-day 50% level.

12 hour 50% level @ 11am will define whether it move upwards on Friday

• 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 April 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Wednesday's lows failed to support the Euro....

Today:-  the 12 hour 50% level at 11am will define whether it follows the daily break and extend pattern towards the daily lows

or rises up into the 5-day 50% level:- random resistance

AUD Weekly and Daily cycles

AUD is now being supported around the higher timeframe levels @ 1.0247/73.

However, it's not getting the bounce as one would hope for.

And as mentioned in yesterday's report, if the AUD is going to rise higher, it might not happen until next week.

Today:-  12 hour 50% level is the trend guide

5-day 50% level is a random resistance zone (Weekly level @ 1.0338)

if above the resistance zone, hopefully it can attract more buying towards the April 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 April 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Euro Failed to remain above Tuesday's support levels, & breaking the 5-day lows.

Current price action looks like the Weekly 50% level might support the trend during the first 12 hours, but fail to rise higher than the 5-day50% level (random resistance)  and the Weekly level @ 1.3286.

Daily cycles suggests a move down into Wednesday's lows.

AUD Weekly and Daily cycles

AUD is moving down into Wednesday's lows, which aligns with the major support levels in the 2nd Quarter, as per Weekly report @ 1.0247/1.0273.

There are two patterns that can play out if Support holds...

#1) Finds support on Wednesday and closes higher... and then continues higher using next week's 50% level as the trend guide.

#2) closes on its lows this Week (Friday 5-day lows support)...

and then rises up from a lower week open using higher timeframe support, as a Thrust pattern upwards.

• 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 April 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Weekly level Support @ 1.3286, and it's now the 5-day 50% level that will decide whether the trend will continue to move up towards the Weekly highs or not

AUD Weekly and Daily cycles

Trend bias is down before it potentially continues higher, as per Weekly Report.

However, a breakout of Tuesday's highs  will attract more buying, as it begins to trade above the Weekly & Monthly 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

2nd April 2012 Euro & AUD daily report

Euro Weekly and Daily cycles

Trend bias is up towards this week's highs annd also the single monthly highs @ 1.3434 (random resistance)

12 hour channels will define the support levels at 11am

if below then the Weekly level @ 1.3286 is the support zone

AUD Weekly and Daily cycles

AUD has opened higher, and in now trading above the 5-day 50% level but around the monthly and Weekly 50% levels that can act as resistance.

As noted in the Weekly report, support zones reside around the 2nd quarterly 50% level at lower levels.

conflicting patterns as this stage in the day.

• 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