21st November 2012 EUR & AUD Daily cycles

Euro Weekly & Daily cycles

The Euro continues to look like it's going to rise upwards, as long as it remains above the Weekly 50% level..

Random Resistance Wednesday's highs

AUD Weekly & Daily cycles

Tuesday didn't continue to rise upwards, as part of the Friday low Support pattern.

Monthly cycles continue to suggest weakness, and with the 2-day upward bias over, we now look to see if there's further weakness this week....

That's going to be decide by the Weekly 50% level and also 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
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