1st February 2013 AUD EURO Daily reports

Euro Weekly & Daily cycles

Weekly high and 12 hour channels will determine whether the trend continues higher

Note:- there's a breakout of January highs, so there's an expectation that it's moving towards the February highs

AUD Weekly & Daily cycles

New month 50% level (February) will determine whether the trend continues higher or not

Helped  by the 5-day 50% level

31st January 2013 AUD & Euro Daily reports

AUD Weekly & Daily cycles

Even though Tuesday's price action wasn't a HOOK pattern, I was still expecting the Weekly level @ 1.04430 to form support

Last day of the month and no clear patterns other than looking for short-term 4 hour ranges within the daily cycles:- 41-84 pips

Random Support Thursday's lows and also the Weekly lows, & January 50% level.

Euro Weekly & Daily cycles

Weekly high is the trend guide, whilst Thursday's highs (Resistance)

& 5-day 50% level & 12 hour channel high (Support)

30th January 2013 AUD & Euro Weekly cycles

AUD Weekly Cycles & 5-days cycles

AUD didn't provide the perfect Weekly HOOK pattern from Tuesday's lows, but whilst it's above the Weekly level @ 1.04430 the target is the Weekly 50% level & Wednesday's highs

Euro Weekly & Daily cycles

12 hour channels looks to be pushing the Euro up into the Weekly highs @ 1.3570:- random Resistance...

Note:- it's above the January highs so there's an expectation that it's pushing up into the February highs

29th January 2013 AUD & Euro Daily report

Euro Weekly & Daily cycles

12 hour channels along with the Weekly cycles suggest the trend is moving upwards...

Random Resistance Weekly & Daily highs

Random Support:- 5-day 50% level and Weekly level @ 1.3411 - 1.3379

AUD Weekly & Daily cycles

if inside the 12 hour channel then the bias is up into the 5-day 50% level and Weekly level @ 1.04430

if it moves down into the Weekly lows & January 50% level (Support), and then closes above the 5-day 50% level, the trend should continue up for the rest of the week.

Note:- A break of Support (daily close) will put pressure on the trend for the rest of the week.

28th January 2013 AUD & Euro Daily reports

AUD Weekly & Daily cycles

Friday low support and a 2-day rise upwards?

That will depend on the Weekly level @ 1.04430 and the 5-day 50% level:- resistance.

Current price action looks like it can move back down into the January 50% level & Weekly lows

Euro Weekly & Daily cycles

Random Resistance Monday's highs & Weekly highs.

If price continues up into the Weekly highs on Monday, then I'll be looking for a move back down into the January highs @ Weekly level @ 1.3411.

If it opens lower today, then that same level is seen as Support

26th January 2013 AUD & Euro Weekly Report

AUD Monthly & Weekly cycles

Weekly level @ 1.04430 will determine whether the trend continues down, or swings back up into the Weekly 50% level:- Resistance

Euro Monthly & Weekly Cycles

Looks to be moving up into next week's highs and then the Febraury highs

25th January 2013 AUD & Euro Daily Reports

AUD Weekly & Daily cycles

Weekly patterns of weakness this week have played out precisely with the 2-day rise up into resistance and the selling down:- breakout of the 5-day lows

Today:- Weekly level & Friday's lows Random Support

Euro Weekly & Daily cycles

The euro didn't follow the same pattern as the AUD, and if the AUD is going to rise up from Friday's lows, then the Euro is likely to continue up towards Friday's highs & Weekly highs

5-day 50% level is Support

24th January 2013 AUD & Euro Weekly Report

AUD Weekly & Daily cycles

Weekly level @ 1.0577 still acting as resistance...

with the expectation it's moving downward.

Daily cycles aren't providing the ideal set-up, as yet

Euro Weekly & Daily cycles

Same view in the Euro

23rd January 2013 AUD & Euro Daily reports

AUD Weekly & Daily cycles

AUD has completed the 2-day rise up from the Weekly 50% level into Resistance levels.

 I have the view that these are levels that the AUD could reverse down from, but the Daily cycles at this stage aren't supporting that view

EURO Weekly & Daily cycles

Euro hitting resistance in the Weekly cycles

but the daily cycles aren't providing the ideal set-up for weakness.

Trend guide the 5-day 50% levels

22nd January 2012 AUD & Euro Daily reports

AUD Weekly & Daily cycles

Friday Support, so I'm still looking for Tuesday to be part of a 2nd day up move

that's going to be helped by price trading above the 12 hour channels & 5-day 50% level, which may act as 4 hour resistance.

Upper level around $1.0577 is seen as Resistance:- Sell

Euro Weekly & Daily cycles

Below the January highs & Weekly level @ 1.3351, along with the 5-day 50% level favour more weakness

towards Tuesday's lows

21st January 2013 AUD & Euro Daily reports

AUD Weekly & Daily cycles

Friday low support could see the AUD rise upwards for the next 2-days...

Weekly 50% level is the trend guide, whilst Monday's highs & the Weekly level is seen as resistance.

Euro Weekly and Daily cycles

Weekly cycles suggest a move down towards the Weekly 50% level

Resistance 1.3351/1.3379

trend guide the 5-day 50% level

Monday's lows random Support.

19th January 2013 AUD & Euro Weekly Report

AUD Monthly & Weekly cycles

Weekly 50% level is the trend guide...

if it's up, then the Weekly level @ 1.0577 is seen as resistance

Euro Monthly & Weekly cycles

trend guide is going to determined by the January highs & Weekly level @ 1.33510,

as to whether it moves back down into the Weekly 50% level 

18th January 2013 AUD & Euro Daily report

AUD Weekly & Daily cycles

Fake 5-day low break on Thursday helps set-up further gains on Friday using the 5-day 50% level as a trend guide

Euro Weekly & daily cycles

Random resistance Weekly & Daily highs on Friday

Trialling Support around the 5-day 50% level & 12 hour channel highs.

17th January 2013 Euro & AUD Daily reports

Euro Weekly & Daily cycles

After reaching the January highs and now below the Weekly level @ 1.3310, there looks to be a bias of further weakness towards the Weekly 50% level.

Daily cycles are showing patterns that could see a move down into Thursday's lows (random Support)

AUD Weekly & Daily cycles

Resistance January highs @ 1.0589 matched with Thursday's highs....

Random Support the Weekly level & Thursday's lows @ 1.05220

16th January 2013 AUD & Euro Daily report

AUD Weekly & Daily cycles

Trend guide the 5-day 50% level.

 Random 1st 12 hours resistance around the January highs @ 1.0589 & the 12 hour channels.

Euro Weekly & Daily cycles

The Euro moved down and retested the previous weekly high breakout.

This could see the Euro move back upwards on Wednesday, but the 12 hour channels doesn't favour that happening...

and because it's already around the January highs, the initial move could be down using the 12 hour levels as a trend guide.

4 hour close below the 5-day 50 level could also put pressure on the Euro to move down towards the Weekly 50% level @ 1.3188

15th January 2013 AUD & Euro Daily report

AUD Weekly & Daily cycles

Trend guide the 5-day 50% level

Random 1st 12 hours resistance around the January highs @ 1.0589 & the 12 hour channels.

Euro Weekly & Daily cycles

Random resistance the Weekly and Daily highs

whilst the 12 hour channel (white) is the trend guide if it's going to move upwards today.

14th January 2013 AUD & Euro Daily report

AUD Weekly & Daily cycles

January high resistance, but it can still retest those highs if the Weekly level @ 1.0522 forms support..

along with the 12 hour levels.

Euro Weekly & Daily cycles

January highs is seen as Random Resistance, with the possibility that price moves as high as the Weekly highs. If that happens on Monday, then the Weekly highs is seen as resistance, and a reversal back down into last week's highs, as part of retesting the breakout.

Otherwise, the 5-day 50% level & previous Weekly highs @ 1.3281 is seen as Support.

12th January 2013 AUD & Euro Weekly Reports

AUD Monthly & Weekly cycles

Hit resistance, but the Weekly level @ 1.0522 will define whether it continues back up or not

EURO Monthly & Weekly cycles

The Primary trend in the Euro is Bullish, but it's too early to tell whether the trend will breakout of the January highs and continue to trend up towards the 2nd Quarterly highs in April

11th January 2013 AUD Euro Daily report

AUD Weekly and Daily cycles

Friday's highs random resistance

Thursday's highs and 5-day 50% level Support

Euro Weekly & Daily cycles

Weekly and Friday's highs Random Resistance.

5-day 50% level & Weekly 50% level :- Support

10th January 2013 AUD & Euro Daily reports

AUD Weekly & Daily cycles

Trend bias is UP using the Weekly level @ 1.0515 as the trend guide

Daily cycles aren't providing an ideal set-up

5-day 50% level is trailing Support

Euro Weekly & Daily cycles

Trend bias is UP, as per Weekly Report, but the 5-day 50% level is pushing the trend downward, as the January 50% level continues to support price.

Once again the 5-day 50% level is the trend guide as to whether price rises or moves down into Thursday's lows/ Weekly lows by Friday

9th January 2013 Aud & Euro Daily report

AUD Weekly & Daily cycles

12 hour support but a failure to move up above the Weekly level @ 1.0515

Same pattern today as yesterday...

12 hour support or it's down into the Weekly 50% level

Euro Weekly & Daily cycles

I'm still bullish on the euro because of the Primary cycles, and also the Monthly 50% level..

but it needs to be trading above the 5-day 50% level, which we  can now see has dropped lower.

12 hour support shown in the right

8th January 2013 AUD & Euro Daily reports

AUD Weekly and Daily cycles

If the AUD is going to rise then it's going to rise from the 5-day 50% level and 12 hour channel low

if not, it will break that support and continue down into the Weekly 50% level by the 2nd 12 hours

Euro Weekly and Daily cycles

Current Euro price action suggest more upside confirmed with price trading above the Weekly level & also the 5-day 50% level.

if so, then the 12 hour support level is the ideal zone to be taking longs from

7th January 2012 Euro & AUD Daily reports

Euro Weekly & Daily cycles

As noted in the Weekly report, the Primary cycles are up, but it's whether the Euro continues up

or moves down to test those Yearly 50% levels...

Trend guide is the Weekly level and 5-day 50% level

AUD Weekly and Daily cycles

As noted in the Weekly report, the trend bias is up into the January highs..

However, current price action suggests the today could remain in between the Weekly 50% level and the Weekly level @ 1.0515.

5th January 2013 Euro & AUD Weekly Reports

AUD Primary & Monthly cycles

AUD overall trend is based on the Yearly 50% level for 2013, as it trends towards the 2013 Yearly highs.

Short-term trend is to follow the move towards the January highs.

 

Euro Primary & Monthly cycles

Primary trends in 2013 suggest the trend is moving up into the 2013 highs @ 1.3630

as to whether it will break above those highs is unknown

Major Support around the 2013 Yearly 50% level @ 1.2870

4th January 2012 Euro & AUD Daily report

Euro Weekly & Daily cycles

two patterns at play today..

#1) January 50% level forms support and it rises back up into the 5-day 50% level and 12 hour channel lows (white) & stalls for most of the day

#2) continues down into Friday's lows Random 'swing' Support.

Note:- don't hold longs below Friday's lows, as it could continue down into the Weekly lows

AUD Weekly & Daily cycles

Weekly 50% level and 12 hour channel highs (White) the trend guide and Support for Friday