21st MAY 2012 Euro & AUD Daily Reports

Euro Weekly and Daily cycles

This week's trading is based on whether the trend continues down into this week's lows @ 1.2580 before the market swings up towards the Weekly levels @ 1.2880

Trend guide the 5-day 50% level @ 11am



AUD Weekly and Daily cycles

Same applies in the AUD...

11am levels the trend guide...

as part of a potential move down into the Weekly lows, and then the Yearly lows (as per Weekly Report)

or up towards the Weekly level @ .9976 over the coming 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
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