12th December 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Trend bias is up towards the Weekly highs @ 1.3124

However, there could be some short-term resistance around the Weekly level @ 1.30440

Support:- 5-day 50% level

AUD Weekly and Daily cycles

Random Resistance Weekly highs @ 1.0535

But whilst above Tuesday's highs, there's an expectation that the trend will move towards Wednesday's highs

Trailing Support:- Daily 50% levels & also the Weekly level @ 1.0500

11th December 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The December 50% level continues to support the Euro, and it's going to continue higher

then the levels in the 12 hour range will help (above 1.2935/39)

AUD Weekly & Daily cycles

Weekly cycles suggest the Aussie has stalled @ 1.05

There are two patterns at play today...

#1) Tuesday moves down into the 12 hour support (Random 41 to 84 pips

#2) the 5-day 50% level provides the next leg up, as the trend continues to follow the monthly cycles upwards into the end of December

10th December 2012 Euro & AUD Daily reports

Euro Weekly & Daily cycles

Weekly 50% level is the trend guide after finding support at the December 50% level

 

AUD Weekly and Daily cycles

the AUD is struggling to move above the Weekly levels....

Therefore 1.05 is a random resistance zone

8th December 2012 Euro & AUD Daily report

Euro Monthly & Weekly cycles

Euro Support, and next week's 50% level will define whether it rises upwards or not.

AUD Monthly & Weekly cycles

The AUD is either going to stall around the single monthly highs (Red) and drift into the end of December

or it's going to continue to trend upwards into December highs, and then double top at the January highs in 2013

7th December 2012 Euro & AUD Daily report

Euro Weekly & Daily cycles

Random Support the Weekly level @ 1.2937 & Friday's lows

AUD Weekly and Daily cycles

AUD is back around the Weekly level @ 1.0482

which will decide whether it continues down into 12 hour support....

6th December 2012 Euro & AUD Daily report

Euro Weekly & Daily Cycles

Trend guide is the Weekly highs

along with random Support around its 12 hour lows and 5-day 50% level.

Either it continue higher for the rest of the week

or revisits its 5-day lows

AUD Weekly and Daily cycles

AUD trapped under the Weekly level

12 hour patterns suggest weakness down into Support levels

5th December 2012 euro & AUD daily report

Euro Weekly & Daily cycles

Whilst above the Weekly highs the trend bias is up into the December highs

Therefore those highs is the trend guide, whilst the 12 hour support defines whether it continues higher or not

AUD Weekly and Daily cycles

Even with a cut in rates the AUD continues to rise from the December 50% level.

as we can see last week, the weekly level pushed the AUD lower, therefore it could do the same...

Random Resistance Wednesday's highs

Random 4 hour support (41 to 84 pips) around the 12 hour channels matched with 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

4th December 2012 Euro & AUD Daily reports

Euro Weekly & Daily cycles

The Euro has continued upwards and stalled at the Weekly highs, which is also the single monthly highs....

The Trend could continue to push upwards on Tuesday, as price is above Monday's highs..

But I would also keep an eye on for a possible Tuesday reversal from those daily highs

AUD Weekly and Daily cycles

Currently supported on its December 50% level awaiting the rate announcement @ 14.30 today,

which will dictate the direction the AUD goes

• 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 December 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Weekly cycles suggest the upward trend to continue

However, Friday's highs & resistance could lead to the Euro starting with a 2-day reversal (or  a 2-day choppy pattern)

If it's either then the Weekly level @ 1.2937 is random Support

AUD Weekly & Daily cycles

Trend bias is UP using the December & Weekly 50% levels as Support...

However, the AUD could remain choppy & quiet until after tomorrow's Rate announcement @ 14.30

• 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

1st December 2012 Euro & AUD Weekly Reports

Euro Monthly & Weekly cycles

Tredn bias is up ionto next week's highs and the single monthly high @ 1.3075, which is seen as a resistance point for a number of days...

before it continue up into the December highs

AUD Monthly & Weekly cycles

December 50% level and Weekly 50% level is seen as Support...

and for the trend to continue upwards...

Note:- if below those levels, then 4th Quarter support reside around the single monthly lows @ 1.0300