1st November 2012 Euro & AUD Daily report

Euro Weekly & Daily cycles

Each way bet over the next 2 days using the Weekly 50% level as the trend guide,

along with the 12 hour channels

AUD Weekly & Daily cycles

The Aussie dollar continues to struggle to move upwards, even though it's above the monthly 50% level @ 1.0340.

being the first day of November could see an upward move over the next 2-days...

but it could just as easily remains within the 12 hour channels (White)

• 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

31st October 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Weekly 50% level is the resistance level in the Euro...

but the 5-day 50% level and 12 hour channel highs will determine whether there's more upside on Wednesday or not

AUD Weekly and Daily cycles

Same applies on the AUD, as it's also hitting resistance within the Weekly cycles @ 1.0379

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

30th November 2012 Euro & AUD Daily reports

Euro Weekly & Daily cycles

Random Support:- Weekly level @ 1.2870

AUD Weekly and Daily cycles

At this stage I continue to view 1.0340 as support until the end of this week

29th October 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Monthly cycles has the Euro in an UP trend...

Weekly cycles has the Euro below the Weekly 50% level, which could send the trend downward (1.2870)

However, there is a Friday low support pattern that can lead with a 2-day rise to start the week off.

Therefore trend guide is the 12 hour channels @ 1.2931

and it needs to break the 5-day 50% levels (weekly 50% level)

AUD Weekly and Daily cycles

Monthly cycles are UP (1.0340)

Trend guide is simply defined by the Weekly level @ 1.0379

Random Resistance Weekly highs

Trailing 12 hour support as shown

27th October 2012 Euro & AUD Weekly Report

Euro Monthly & Weekly cycles

4th Quarterly 50% level is still seen as support...

Random Support Weekly level @ 1.2870

AUD Monthly & Weekly cycles

trend bias is up as it remains above the October 50%  with 1 week to go until the start of November.

or it could remain in a tight range until the the first Tuesday in November and the next rate 'cut' announcement.

26th October 2012 Euro & AUD 2012

Euro Weekly anD Daily cycles

Monthly cycles suggest the trend is UP. Weekly cycles looks like it could go much lower using the Weekly 50% level as the trend guide.

That means Friday's lows are Random Support

AUD Weekly and Monthly cycles

12 hour channels are the trend guide, with random support around the 5-day 50% level.

Based on the price action in the Weekly cycles, there is a possibility that the AUD ends up back down into 1.0340 (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

25th October 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Wednesday's support off the daily lows, and whilst price is above the Weekly 50% level the trend could rise upwards again...

However, at this stage the daily cycles aren't providing a bullish set-up for that to happen early on Thursday

AUD Weekly and Daily cycles

I was expecting the same pattern in the AUD as the Euro (Wednesday lows support)

Today

Daily cycles favour  more upside using the 50% level as support

Whilst the October 50% level @ 1.0362 could push price back down into 1.0340 (random Support)

Use the daily levels as trend guides today

24th October 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Weekly 50% level Random Support,

but the Daily cycles suggest weakness down into Wednesday's lows, which may or may not support the trend.

5-day 50% level and Tuesday's lows are seen as part of a break-n-extend pattern downward

AUD Weekly and Daily yccles

Same applies on the AUD...(daily cycle break-n-extend)

along with 1.0340 now forming 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

23rd October 2012 Eur & AUD Daily Report

Euro Weekly and Daily cycles

Monthly cycles suggest the Euro is Rising...

Weekly cycles not giving away any clues, as it's hitting resistance levels...

Trend guide 5-day 50% level..

Random Support Tuesday's lows

AUD Weekly and Daily cycles

As mentioned in the Weekly Report, the monthly cycle 50% level is the trend guide & support @ 1.0340....

5-day 50% level in the Daily cycles will determine whether the trend will continue to rise.

• 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 October 2012 Euro & AUD Weekly cycles

Euro Monthly & Weekly cycles

The Euro looks like it's moving back towards the 4th Quarterly 50% level

Random Support:- Weekly 50% level @ 1.2960

AUD monthly and Weekly cycles

Weekly cycles look like it's going to send the Aussie dollar downward...

However, there are good patterns within the monthly cycles that suggest that the October 50% level @ 1.03304 can form support just like the 4th Quarterly 50% level the Monday before.

19th October 2012 Euro & AUD Daily report

Euro Weekly & Daily cycles

The Weekly highs are critical as to whether the Euro will continue higher this month:- Breakout

12 hour channels are the short-term guide, along with the Weekly level @ 1.3027 and the 5-day 50% levels (Support)

AUD Weekly & Daily cycles

AUD is currently hitting resistance (Weekly highs) whilst remaining above the October 50% level @ 1.0362

if it's going to continue higher, then the 12 hour channels come into play

• All Daily forex reports are written before 11.00am Sydney Time, which is appro
• ximately Midnight GMT

Exact levels shown for current day aren't confirmed until midnight GMT

17th October 2012 Euro & AUD Daily Reports

Euro Weekly and Daily cycles

5-day 50% level Support in case the Weekly highs & Wedensday highs forms resistance.

As noted in the Weekly Report, there is further upwards bias during October, so there is a potential breakout of these lesser timeframe highs

AUD Weekly and Daily cycles

Monthly cycles suggest more upside, but the AUD needs to break a number of lesser timeframe levels...

12 hour channel highs are continued support..

the Critical level now is price trading above the Weekly 50% level:- 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

16th October 2012 Euro & AUD Daily cycles

Euro Weekly and Daily cycles

Monthly cycles suggest more gains in the euro, as per Weekly report

Weekly & Daily 50% levels are the support zones on Tuesday if that's the case

AUD Weekly and Daily cycles

4th Quarterly 50% level has formed support, and now we see whether the trend continues higher or not...

However, there are a number of important levels that the AUD needs to get over

5-day 50% level is support

random 12 hour resistance along with 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

15th October 2012 Euro & AUD

Euro Monthly and Weekly cycle

The Euro looks like it's going to continue higher...

Weekly 50% level is the trend guide, whilst it needs to breakout of the Weekly highs

AUD monthly and Weekly cycles

The AUD could continue higher, as the 4th Quarterly 50% level @ 1.0208 forms support...

however, it needs to break above the October 50% level, starting with a move above the Weekly 50% level..

Random Support 1.0208

• 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 October 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

5-day 50% level is the trend guide on whether the Euro continues higher (rising up from the Weekly lows)

However, there is random resistance around the Weekly 50% level

AUD Weekly and Daily cycles

The AUD has hit the previous weekly breakout and stalled.

This completes the move, and now the Weekly level @ 1.0269 and the 12 hour channels will decide whether the AUD remains below those levels and moving down to retest 12 hour support

or Friday continues with more buying towards the Weekly 50% level & October 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 October 2012 Euro & AUD Daily Reports

Euro Weekly and Daily cycles

Price action suggests that the Euro will continue to move back up towards the Weekly 50% level :- random resistance.

However, if it's below the 12 hour channels (White), then it could see added pressure to continue down into Thursday's lows, which is a similar pattern occurring in US index markets.

AUD Weekly and Daily cycles

Current price action in the AUD is about retesting the previous Weekly breakout @ 1.0291

if that's the case then it's following the 12 hour channels upwards...

Below the 5-day 50% level, and it's moving back down into the 12 hour channel lows:- random Support

10th October 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

The Euro continued down into the Daily lows on Tuesday (random Support), but without the HOOK pattern forming...

At this stage the first 12 hours looks like it can follow the daily cycles down into Wednesday's lows

12 hour channels (white) :- random resistance

AUD Weekly and Daily cycles

The AUD at this stage can't continue upwards, as part of a 3-day counter-trend move because the 4th Quarterly 50% level @ 1.0208 is forming resistance.

Not sure how Wednesday will play out...

Random 41-84 pip support around the 12 hour channel lows @ 1.0157/65

• 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 October 2012 Euro & AUD Weekly Report

Euro Weekly and Daily cycles

As noted in the Weekly report, the Euro is starting this week with a 2-day reversal pattern.

Even though the Weekly 50% level could support the Euro, the Daily cycles suggest more weakness down into Tuesday's lows.

Tuesday's lows are seen as Support, and if price rises up from those lows and forms a Daily HOOK pattern:- Tuesday closes above the Weekly 50% level and 5-day 50% level, then the trend should continue higher for the rest of the week.

AUD Weekly and Daily cycle

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

at this stage I'm not sure whether Tuesday will continue down into the Weekly lows (Support), using the 5-day 50% level as resistance

or continue up, as part of a 3-day counter-trend move, as described in yesterday's 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

8th October 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Trend bias is up towards the October highs...

however, there is a Friday high 'stall', which could result in the first 2 days of the week moving lower....

Random Support 12 hour channels

Above 1.3073 and trend bias is UP

AUD Weekly and Daily cycles

We have the opposite pattern in the AUD (Friday low)...

This could see a 2-day counter-trend move upwards, as part of retesting last week's breakout @ 1.0291

(Note:-) could even go as high as the Weekly 50% level (3 day rally)

12 hour level is the trend guide on whether it does rise, or follow the trend down into Monday'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

6th October 2012 Euro & AUD Weekly reports

Euro Monthly and Weekly cycles.

I would think that the Euro would continue from the September higher breakout and move up towards the October highs

Trailing support:- 4th Quarterly 50% levels

AUD Monthly and Weekly cycles

Weekly cycle breakout and normally it would continue down into this week's lows matched with the October lows...

Otherwise it could also start with a 3- day rally to retest last week's breakout @ 1.0291

5th October 2012 Euro & AUD Daily Report

Euro Weekly and Daily cycles

Weekly 50% level Support, for a move up towards the Weekly highs.

Note:- random resistance Friday's highs.

AUD Weekly and Daily cycles

Weekly lows and 5-day 50% level are seen as resistance....

I'd be surprised to see a fake break of the Weekly lows, where Friday closes higher,

however it can 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

4th October 2012 Euro & AUD Daily report

Euro Weekly and Daily Cycles

Random Support :- 5-day 50% level and 12 hour channel lows

AUD Weekly and Daily cycles

Trend bias is down @ 1.0153

Whilst the 5-day 50% level and Weekly lows remain 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

3rd October 2012 Euro & AUD Daily Report

Euro Weekly and Daily cycles

Below the Weekly 50% level the trend bias is down after hitting Tuesday's highs.

However, the daily cycles don't have an ideal set-up, as Wednesday could once again push up towards the Daily highs again:- resistance

AUD Weekly and Daily cycles

Rate cut and the AUD breaks support  (Weekly & Daily lows) and heading down towards 1.0153

Resistance Daily 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 October 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

5-day 50% level will determine whether the trend will continue higher or not...

Random Resistance Tuesday's highs & also the Weekly 50% level

AUD Weekly and Daily cycles

Reserve board meeting today and whether they cut rates or not...

if they do, then it's breaking the daily & Weekly lows, and under pressure for the rest of the Week.

• 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