1st September 2012 Euro & AUD Weekly Reports

Euro Monthly and Weekly cycles

Yearly lows didn't form resistance, and the Euro now looks like it's going to continue up into the September highs.(random resistance)

I'm not sure how much upside there is without the euro retesting the single monthly lows in the future months (RED)

AUD monthly and Weekly cycles

Trend guide the Wekely level @ 1.0343

Major support in the AUD @ 1.0235, along with the 3rd quarterly 50% level (yellow)

 

31 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Daily cycles suggest a move down into Friday's lows.

larger timeframe cycles are pushing the Euro back down into the start of September

AUD Weekly and Daily cycles

Break and extend pattern in the Weekly cycles is in play..

and as per last week's Weekly report, trend bias is to revisit the higher timeframe 50% levels once again

Random Support:- Friday'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

30 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Surprised that the Euro didn't continue higher on Wednesday using the August 50% level as support, however 1.2546 is also the 2012 Yearly lows, so that could be a reason why the Euro didn't follow through.

The question now is....

do those two levels push the Euro down into the start of September (next week).

Resistance 1.2540/46

random 4 hour support around the 12 hour channels (white)

AUD Weekly & Daily cycles

AUD not showing in buying strength, other than random support around the Weekly levels.

Thursday's 5-day lows Support...

Don't hold longs below those lows, as it will be a weekly and daily breakout:- break c& extend pattern

• 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

29 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

looks like the Euro is moving up into the Weekly highs & 1.2653

Random Support August 50% level @ 1.2540

AUD Weekly and Daily cycles.

If the AUD is going to rise up after a completing a double weekly low pattern...

then the 12 hour channels are the support zones..

short-term target the 5-day 50% level and also the Weekly level @ 1.0419

• 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

28 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Euro moving down into the Weekly levels, which aligns with the previous Weekly highs @ 1.2457/68

This is either going to support the Euro and push it higher..

or the August 50% level is pushing the Euro back down towards the September 50% level by Thursday

AUD Weekly and Daily cycles

Aussie Dollar not showing a 'bullish' pattern, with last week's lows failing to continue higher from this week's level @ 1.0419.

Random support this Week's lows & Daily lows...

keep in mind that price could follow the Monthly cycles and move down towards the 3rd Quarterly 50% level, as shown in the 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

25th August 2012 Euro & AUD Weekly reports

Euro Monthly and Weekly cycles

Monthly cycles aren't showing bullish signs, as it hasn't broken out of the single monthly highs, and it has struggled to close above the Yearly lows, which has been acting as resistance.

However, the Weekly cycles are showing some strength (breakout)...

Therefore, next week's level @ 1.2468 is a random support pattern thatr could extend upwards...

Note:- don't hold longs below that level, as the higher timeframes (Monthly & Yearly) and driving the Euro lower (Resistance)

AUD monthly and Weekly cycles

the AUD has finally reached the Weekly lows (Support)...

That means that if it's above the Weekly level @ 1.0471, the expectation is that the trend is going to continue higher going into the end of this month and into the next.

if below, price is revisiting the 3rd Quarterly 50% levels

24 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The euro looks to be following the Weekly break and extend pattern towards 1.2653 

AUD Weekly and Daily cycles

AUD didn't remain above 12 hour support..

TodaY:- Random 12 hour support around the Weekly level and also the 12 hour channels @ 1.0427

However, the AUD could also be moving down into the Weekly lows, which has been my overall target this week @ 1.0378

• 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

23 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Euro has stalled at the August 50% level..

The questions now are...

does it rotate back down into the Weekly highs @ 1.24570?

or does it continue to extend upwards from this week's highs into next week's high?

AUD Weekly and Daily cycles

12 hour channels are seen as random support,

Whilst Thursday'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

22 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Trend guide Weekly highs, and whilst above those highs the trend could extend towards higher highs next week.

However, the august 50% level and Wednesday's highs are seen as resistance.

Random support:- 5-day 50% level

AUD Weekly and Daily highs...

I'm not sure the AUD will move beyond the Weekly 50% level.

I would have been more confident if it had bounced off the Weekly lows.

However, the 5-day 50% level and 12 hour channels are 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

21 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Looks choppy between the Weekly and 12 hour levels

AUD Weekly and Daily cycles

didn't reach the Weekly lows

Random support the 12 hour channels around 1.0420

• 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 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles.

Weekly 50% level is the trend guide  (in a primary bear trend)

AUD Weekly and Daily cycles

Weekly lows are the support zones (Monday's lows)

If these Weekly lows support the AUD, then it can provide a good medium term Upward move over the coming weeks (Hold longs)

if not....then adjust on  Tuesday.

• 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

Euro Monthly & Weekly cycles

Remains above the weekly 50%, but the overall trend remains below the Yearly lows & also the monthly 50% level.

AUD Monthly & weekly cycles

Weekly lows @ 1.0378 support

17th August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Trend guide & support the 5-day 50% level & 12 hour channel highs..

Random resistance friday's highs

AUD Weekly and Daily cycles

Weekly cycles suggest further gains..

That will be helped by price moving above the 5-day 50% level..

overall target will be the Weekly and Monthly highs over the next 5 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

16th August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Weekly 50% level Support...

but the Daily levels (12 hours)  aren't providing a set-up that's going to see Thursday rise.

Random resistance 12 hour 50% level

AUD Weekly and Daily cycles

AUD now in between the Weekly levels..

but the 12 hour ranges aren't providing any clues.

those 12 hour levels are random 4 hour support/resistance 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

15th August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

5-day 50% level could form 12 hour support from 11am onwards...

but i'm not sure how much more upside there's going to be based in the 12 hour channels

AUD Weekly and Daily cycles

Looks like further weakness into Wednesday's lows

using the 12 hour channel lows as 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

14th August 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

5-day 50% level random support

Aud Weekly and daily cycles

trend bias looks to be moving down into Tuesday's lows :- random 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

13th August 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Weekly 50% level and 5-day 50% level (12 hour channels)

will define which way the trend goes

AUD Weekly & Daily cycles

trend bias is UP...

Weekly level @ 1.05590 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

11th August 2012 Euro & AUD Weekly & Daily reports

Euro Monthly & Weekly cycles..

Weekly 50% level is the trend guide on whether it continues down or not

AUD monthly and Weekly cycles

Weekly level @ 1.0559 will define whether the Aussie dollar continues up into the Weekly & monthly highs

10th August 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Daily cycles show weakness, that could see price move down into Friday's lows using the 12 hour channels (white) as resistance.

However, the Weekly 50% level could provide random support @ 1.2240

AUD Weekly and Daily cycles

The Aussie dollar could extend upwards using the 5-day 50% level as the trend guide,

as part of the overall trend of moving higher

But it could also see price move down into Friday's lows, as part of retesting the Weekly level @ 1.0560 and also the previous Weekly high breakout @ 1.0494

Trend guide 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

8th August 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Random support 5-day 50% level, 12 hour channels and also the Weekly level @ 1.2368

AUD Weekly and Daily cycles

Same applies on the AUD...

Random 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

6th August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

As per Weekly Report, I don't think the Euro will break the Weekly highs and August 50% level @ 1.2496.

Dont hold shorts above Tuesday's 5-day highs

AUD Weekly and Daily cycles.

Trend bias is UP....

Support 1.0506.

Random Resistance 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

4th August 2012 Euro & AUD Weekly & Daily reports

Euro Monthly & Weekly Reports

Euro continues to trade between the 3rd quarterly lows, but below the Yearly lows, which is forming a large resistance zone

I'm just not sure the Euro will move above the August 50% level

Euro Weekly and Daily

Next Week:- trend guide the Weekly level @ 1.2368

Random support 12 hour channels

AUD monthly and Weekly cycles

Trend bias is up into the August highs

Random resistance Weekly highs

AUD Weekly and Daily cycles

12 hour channels trend guide

Random resistance Daily and Weekly highs

Note:- Friday 5-day high resistance could lead with a 2-day reversal pattern

if below the 5-day 50% level.

Support 5-day lows

3rd August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

looks to be moving down into Friday's lows & and the Weekly lows...

as part of a move towards the August lows.

Trend guide and random resistance the 12 hour channels

AUD Weekly and Daily cycles

AUD remains choppy around the highs, and not making clean moves either way...

Friday's lows matches the Weekly level @ 1.0407 (Random 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

2nd August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

12 hour breakout and looking to extend down into Thursday's lows...

as part of a larger trend that's moving lower

AUD Weekly and Daily cycles..

looks like the AUD is going to move down into the Weekly level @ 1.0470

Weekly highs @ 1.0490 and 5-day 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