29th June 2012 Euro & AUD Daily Reports

Euro Weekly and Daily cycles

Weekly level @ 1.2450 will define whether the trend continues down into Daily and Weekly lows (random Support)..

as part of a move down into the July lows.

5-day 50% level and 12 hour channels are the trend guides today

AUD Weekly and Daily cycles

5-day 50% level is the trend guide

Friday's lows Random Support.

28th June 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

12 hour channel provided minor support, and the Euro is back down into the Weekly level @ 1.24540

hard to tell whether the Euro will rise up from this level once again, helped by the 12 hour channels

or continue lower

AUD Weekly and Daily cycles

Weekly level @ 1.0125 and Thursday's highs resistance..

obviously don't hold shorts if above those levels.

my view is that the trend is trying to move lower, based on the Yearly 50% level rejection pattern last week

27th June 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

if the Euro is going to rise back towards the Weekly 50% level (Resistance)

then the 12 hour levels at 11am come into play

AUD Weekly and 5-day cycles

5-day 50% level and June 50% level is the trend guide on Wednesday.

price is either going to move up into the weekly level @ 1.0125 (random Resistance)

or today the AUD resumes its downward trend

26th June 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

12 hour channel @ 11am will define whether the trend continues down or up.

Random support Weekly level @ 1.2450

AUD Weekly and Daily cycles

Below the June low would often suggest further weakness, as it comes into the end of the Quarter..

However the Weekly 50% level is currently supporting the trend.

12 hour channels @ 11am will define the direction

25th June 2012 Euro & AUD Daily Report

Euro Weekly and daily cycles

after the rejection of the Weekly highs and Monthly 50% level..

my view is that the trend will continue lower.

Weekly 50% level is the trend guide.

along with the 12 hour channels

AUD Weekly and Daily cycles

Trend guide Monthly 50% level and also the

5-day 50% level.

Random Support Weekly 50% level.

Resistance if it rises is @ 1.0125

23rd June 2012 Euro & AUD Weekly Reports

Euro Monthly and Weekly cycles

I would think based on the information of my book that the euro will continue with the rejection down from the June 50% level, and towards the monthly lows (June/July)

however, the Yearly lows could continue to form support..

and next week's 50% level pushes price upwards

AUD Primary and Monthly cycles

Yearly 50% level resistance..

and after retesting the MAY breakout

we should be looking to see whether the trend will continue lower

as part of the monthly break-n-extend pattern

if not, then the 3rd Quarterly 50% level comes into play from the !st of July

22nd July 2012 Daily Reports :- Euro & AUD

Euro Weekly and Daily cycles

Breakout of Thursday's lows should extend down into Friday's lows, matched with the Weekly 50% level :- Random support

5-day 50% level and 12 hour 50% levels:-  Resistance.

Note:- overall trend bias is to retest the Weekly lows by next week

AUD Weekly and Daily cycles

5-day 50% resistance

Friday's lows random support.

Keep in mind that price has been rejected down from the Yearly 50% level.

if price breakouts of the 5-day lows during the first 12 hours, then it can extend lower in the 2nd 12 hours, using the 5-day lows 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

21st June 2012 Euro & AUD Daily Report

Euro Weekly and Daily cycles

no change from yesterday's report...

hitting resistance, and trapped within the 5-day range...

needs to breakout of the 5-day highs to get some legs towards 1.2984

AUD Weekly and Daily cycles

Hit the Yearly 50% level and stalled...

I'd keep an eye on the 12 hour channels

and see whether Thursday follows the cycles towards the Daily highs

or dips down into the 5-day 50% level

20th June 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

The Euro Fooled me again with yesterday's up move after Monday's trading looked bearish.

The Weekly highs may continue to act as resistance, along with the June 50% level.

However, if above then the Euro is making a play for the MAY low Breakout @ 1.2984

AUD Weekly and Daily cycles.

Strength in the Aussie dollar continues, with price breaking out of Tuesday's highs...

I'm not sure how much more upside there is...

as the AUSSIE dollar will be hitting higher timeframes 50% levels shortly

Yearly 50% level @ 1.0222

&2nd quarterly 50% level @  1.0273

19th June 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Surprisingly the Euro didn't muster a move upwards after the Greek Election Results...

as the Weekly highs and June 50% level pushed price back down

Weekly level @ 1.2633 and 5-day 50% levels looks to be fomring resistance for a move towards the Weekly 50% level

AUD Weekly and Daily cycles

Remains above the June 50% level...

Weekly highs and Tuesday's highs are seen as resistance.

18th June 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Trend guide 1.2633...

AUD Weekly and Daily cycles

16th June 2012 Euro and AUD Weekly Reports

Euro Monthly and Weekly cycles

Greek election this weekend...

and this will determine whether the Euro continues back towards the single monthly highs, which matches the MAY breakout

or price remains below the Weekly level, and heads down into the June lows.

Note:- Primary cycles (Yearly lows) suggest it's trying to rise upwards

AUD Monthly and Weekly cycles...

Single monthly highs (RED) and Weekly highs are seen as resistance until July

Trend guide the Weekly level @ 1.0018

15th June 2012 Euro & AUD Daily Report

Euro Weekly and Daily cycles

Friday's highs and June 50% level Resistance.

the Euro will be pushed around coming into the Greek elections this weekend...

Monday 'GAP open'...,

which way will be determined by who wins

AUD Weekly and Daily cycles

Friday's highs and June 50% level 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

14th June 2012 Euro & AUD Daily Report

Euro Weekly and Daily cycles

I was looking for weakness yesterday, using both 50% levels (Weekly and Daily)

and based on current price action, those same levels could form support and see Thursday move upwards

AUD Weekly and Daily cycles

Weekly cycles suggests weakness using the Weekly level @ 9967 towards the weekly 50% level by Friday

but Random Support during the first 12 hours could stop that from happening

13th June 2012 Daily Reports :- Euro & AUD

Euro Weekly and Daily cycles...

Weekly 50% level and Daily 50% level resistance??

and a move down into Wednesday's lows

AUD Weekly and Daily cycles

higher open and Weekly level @ .9967

and 12 hour channel highs resistance???

and a move down into Random support??

towards the Weekly 50% level.

12th June 2012 Euro & AUD daily report

Euro Weekly and Daily cycles

The euro couldn't make it into resistance levels (June 50% level)...

and has proceeded to move lower.

Below the Weekly 50% level & 5-day 50% level and the trend bias is down into the Weekly level @ 1.2396

as part of a potential move towards the Weekly lows.

Random support Tuesday's lows

AUD Weekly and Daily cycles

Support levels failed on Monday, and the trend has continued down as part of the monthly cycle patterns.

5-day 50% level is the the trend guide.

Random support Weekly 50% level and Tuesday's lows.

11th June 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Monday's highs and June 50% level :- resistance

AUD Weekly and Daily cycles

Weekly level @ .9967 is the trend guide..

matched with the 12 hour levels, could see a move upwards.

Random resistance Weekly and Daily highs (Monday)

• 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 June 2012 Euro & AUD Weekly report

Euro Monthly and Weekly cycles

The euro is rising up from the Yearly lows...

but it's too early to tell whether the trend will continue higher than the June 50% level, as this week (Friday) hasn't closed above the June 50% level in the first week of the month

If it does, then it will be moving towards the June single highs (Red), that matches the MAY low breakout.

Weekly 50% level is the trend guide

AUD Monthly and Weekly cycles

I still have the view that price is moving down into the June lows....

June 50% level and Weekly highs resistance

but if it does move higher then the target is the single monthly highs:- resistance @ 1.0152

8th June 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Question remains whether Friday continues up from random support in the daily cycles and towards the June 50% level by next week?

or whether the weekly 50% level pushes price back towards the Weekly level @ 1.2481?

AUD Weekly and Daily cycles

Not sure whether the trend will continue up in the daily cycles (Friday's highs)

because of the failure at the Weekly highs

Random Support 5-day 50% level and 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 June 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Breakout of Wednesday's highs likely to continue up into Thursday's highs...(random resistance)

with a couple of resistance levels:- Weekly & monthly 50% levels

AUD Weekly & Daily cycles

Thursday's highs and the Weekly 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

6th June 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Whilst below the Weekly level the trend bias is down into the June lows...

but the daily levels  in the 12 hour range and 5-day 50% level could push price upwards in early 4-8 hour trading.

In conclusion:- there is the expectation that price needs to complete the MAY break and Extend pattern in the June lows, but it needs to be below the 12 hour channels

AUD Weekly and Daily cycles

After yesterday's rate cut I would have thought the AUD would come under pressure, but it hasn't...

therefore the AUD could be rising upwards into a Friday high.

Until then, then Weekly levels are the areas of interest for short-term trading.

Random Resistance:- Wednesday's highs and Weekly 50% level.

Random Support as shown into the 12 hour channel.

I still have the view that the AUD is moving lower:- but it needs to close below the Weekly level @ .9670 .

• 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 June 2012 AUD & Euro Daily report

AUD Weekly and Daily cycles

AUD could be flat until 14:30 when the RBA meets.

if they cut rates, then the AUD could be on its way down towards the June lows by tomorrow.

If they don't then it's up

in the mean time, the 5-day 50% level is the trend guide....

Whilst the Weekly level @ .9670 defines the overall trend direction this week

Euro Weekly and Daily cycles..

Looks to be moving up into Tuesday's highs...(resistance)

but i'm not sure whether it's going to breakout and continue up towards the June 50% level.

Overall trend bias is to complete the MAY break and extend pattern towards the June lows, but the daily levels aren't providing that set-up at the moment.

4th June 2012 Euro & AUD Daily Reports

Euro Weekly and Daily cycles

Trend bias is down into the June lows

but it needs to be under the 12 hour support level @ 11am, which also is below the Quarterly lows.

otherwise the first 12 hours could push up towards the Weekly level @ 1.2481 (resistance)

AUD Weekly and Daily cycles

Trend bias is down into the Weekly and Monthly lows

 but the 12 hour and and Weekly level @ .9670 could form a random support zone...

Not sure whether price will be trading above the 5-day 50% level and 12 hour channel highs:- 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

2nd June 2012 Euro & AUD Weekly Report

Euro Monthly and Weekly cycles

Expectation price is going to complete the MAY break and extend pattern into the June lows.

However, if above the Weekly level, then price could be rising up into the Weekly 50% level (random Resistance).

AUD Monthly and Weekly cycles

Trend bias is down into the Quarterly target matched with the June lows...

as part of the break and extend pattern from the MAY lows

Weekly level is the trend guide:- random Resistance Weekly 50% level.

I think it will be too early to continue up into the June 50% level without hitting the lows first