12th MARCH 2010 Euro AUD Daily


Euro Weekly and 5-day pattern

no probability pattern on Friday...

Price can remain range bound within the levels:- weekly and 5-day

There is a possibility that the closer the it comes to the end of this Quarter, price can begin to move higher and go looking for the 3-month 50% level at the start of April.

If that happens then that would provide a robust set-up for a continuation down in the 2nd Quarter.


AUD Weekly and 5-day pattern

If the AUD is going to follow the Weekly high breakout and continue higher on friday....

Then it should remain above the Yellow filter and continue towards Friday's highs and even breakout.

  • 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 MARCH 2010 Euro AUD Daily



    Euro Weekly and 5-day pattern

    85 pip down move yesterday but now above the 5-day 50% level on Thursday...

    No probability pattern for today.

    Random support:- 1.3615



    AUD Weekly and 5-day pattern

    Trading above the Weekly highs, but stalling at the Wednesday highs.

    Weekly highs the trend guide, along 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




    • 10th MARCH 2010 Euro AUD Daily



    Euro Weekly and 5-day pattern

    Continue to be bearish whilst price is trading below the 50% levels & focusing on 41-85 pip ranges.

    Because the 3-day cycle is a BUY (white below), don't short-trade above the Yellow, as price will be back above the 5-day 50% level and Weekly 50% level @ 1.3616.



    AUD Weekly and 5-day pattern

    Breakout of the Weekly highs and 5-day highs on Tuesday should continue to move higher...

    However, there's not an ideal set-up to trade longs, if you aren't alreadly long from the 5-day 50% level.

    Trend guide the Weekly highs.

    8th MARCH 2010 Euro AUD Daily



    Euro Weekly and 5-day pattern

    Monday's resistance and Tuesday opening around the 5-day 50% level, I would treat Tuesday simply by trading on the side of the Weekly and 5-day 50% level @ 1.3631.

    I would favour a downward bias of 41-85 pips. (because of the Yellow filter) and overall trend of the market.


    AUD Weekly and 5-day range.

    Weekly high and monday high resistance will need to see price trading below the 5-day 50% level for a potential drift towards the 5-day lows and Weekly 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




    • 8th MARCH 2010 Euro AUD Daily



    Euro Weekly and 5-day pattern

    Open above key levels on monday, I and would treat Euro with an upwards bias into resistance levels (Monday highs)


    AUD Weekly and 5-day pattern

    Because AUD failed to close above Friday's highs, I would look for a reversal pattern down for 2-days.

    However, Monday has opened above Friday's highs

    Whilst above .9080 it's a random pattern

    For AUD to follow a reversal pattern down it needs to be trading below .9080

    27 FEB 2010 USD, Euro, GBP, AUD Weekly

    USD Index

    3-Quarterly 50% level Support and at this stage there is an expectation that price is heading towards the March highs and continue into the April highs.

    For a move to continue towards the April highs often price will move towards the 3-Week lows as it comes towards the end of current month & Quarter and then test support and then push higher into April as the next Quarter starts.


    Euro Monthly and Weekly

    I still believe that price will move lower into April but during March price can be choppy, with the most robust set-up aligning with the 3-Week highs in March for the next move down.

    Last Week I started with the view that price would sell off in the first 2-days, next week I don't have that view other than using the 50% levels as a trend guide 1.3632.

    Daily report out at 11am Monday


    GBP monthly and Weekly

    Bearish and trend guide 1.5242

    AUD Monthly and Weekly

    Monthly patterns suggest higher moves that will need to see a breakout of the Weekly highs to continue.

    However, Friday failed to breakout of the 5-day highs, so I would look at next week as a 2-day reversal pattern from the Weekly highs back into the 50% levels.

    5th MARCH 2010 Euro AUD Daily



    Euro Weekly and 5-day pattern

    Expectation of resistance towards the 5-day 50% level has seen price break and now trading below.

    I'm bearish on the euro until April...

    This could see Friday push lower towards the daily lows ;- another 41 & 85 pip move.

    I couldn't be bullish whatsoever, but don't short trade on Friday above the Yellow filter.




    AUD Weekly and 5-day pattern

    AUD is tricky as the March 50% level should support price and move upwards.

    This will be a far more valid set-up if price moves down into Friday's lows, find support and then Monday continues higher using the Weekly 50% level and the March 50% level next week.

    Yellow random resistance.

    Bearish is obviously a break of those lows on Friday.




    • 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 MARCH 2010 Euro AUD Daily

    Euro Weekly and 5-day range..

    There is a possibility that the Euro can move into a higher Friday close...

    However, based on the current price action I would have to favour a trading day between the Yellow filter and the 5-day 50% level.

    Limit any short trading above the Red line @ 1.3702

    AUD Weekly and 5-day range

    looks to be climbing towards Thursday's highs.

    those highs and Weekly highs resistance zones

    Support as shown (3-day 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




    • 3rd MARCH 2010 Euro AUD Daily



    Euro Weekly and 5-day pattern

    2-day down move has completed with the reversal off the Weekly and 5-day lows on Tuesday.

    At the start of this week I had a view of 2-days down, and based on the current price action I don't have a view on high probability patterns for the rest of this week.

    At this stage I would use the levels in the 5-day range and concentrate on 4 hour patterns of 41-85 pips.



    AUD Weekly and 5-day pattern

    Upward bias as price is trading above the monthly 50% level...

    Based on current patterns in the 5-day range no probability pattern for Wednesday.

    Random resistance the 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




    • 2nd MARCH 2010 Euro AUD Daily



    Euro Weekly and 5-day range.

    I would still treat Tuesday as part of the 2nd day down move, whilst below the Yellow filter & 5-day 50% level.

    Tuesday's lows are either going to support the 2nd day, matched with the weekly lows...

    or they are going to breakout and continue down for most of the week.



    AUD Weekly and 5-day range.

    no probability patten...

    Random resistance Tuesday's highs

    Note:- RBA's decision on %rates @ 14:30 today


    • 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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