13th July Euro, AUD, Daily



Euro Weekly and 5-day pattern

I continue to be bearish on the Euro based on Last week's high...

Trend guide the 5-day 50% level.

However, there needs to be more weakness to verify the expectation of moving lower with price trading below the Weekly 50% levels (breakout of the 5-day lows)

AUD Weekly 5-day pattern

random resistance .8809

Trend guide :- 87.70

12th July Euro, AUD, Daily



Euro Weekly and 5-day pattern

Last week's price action often leads to a large trend reversal down, as per Weekly report

However, if above the Yellow on Monday, then price could swing back towards the White @ 1.2667

AUD Weekly and 5-day pattern

Same applies in the AUD....

Whilst below .8809 trend bias is to continue down towards the Weekly 50% level.

Yellow trend guide @ .8768

Resistance @ .8809-15

10th July ,USD, Euro, GBP, AUD, Weekly

USD Index

With price trading below the July 50% level the bias is to continue down.

Until the market closes back above the July 50% level, there is nothing to suggest that the USD dollar is going to continue upwards.

Euro Monthly and Weekly

The pattern in the Euro is often extremely bearish.

There is a breakout of the 2nd Quarterly lows and the Euro has moved into the new 3-month 50% levels and also the single monthly top (red).

This pattern would normally continue with the previous Quarterly break and head down towards the 3-month lows during this Quarter.

Next week's trend guide @ 1.2667


GBP Monthly and Weekly

With the USD index bearish and GBP trading above the 3-month 50% level the trend bias would have to follow the market dynamics and continue upwards whilst above 1.4980

Random support :- 1.4980.

Trend guide:- 1.5108

AUD Monthly and Weekly

Trend to continue higher????

Or the next 3-weeks choppy either side of the July 50% level???

Trend guide :- .8809

Next Week begins with a higher Weekly open, which may see a rotation back down towards the July 50% level.

8th July Euro, AUD, Daily



Euro Weekly and 5-day pattern

As per the Weekly report the critical level on resistance was 1.2710.

Thursday's highs were 1.2712.

If the Euro is going to reverse down then it will need to remain below 1.2693.

down side pullback would be towards the 5-day 50% level.

With potential further weakness next week.

AUD Weekly and 5-day pattern

Weekly highs reached....

If the AUD is going to reverse back towards the July 50% level, then it would need to remain below the Thursday's highs @ 87.27

otherwise the Daily close above Thursday's high can push upwards on Friday towards the daily highs.

8th July ,USD, Euro, AUD, Daily



USD Index

USD index pushing down from the July 50% level and a breakout of the single monthly lows…

Unless the Index finds support @ 83.73 this week and next week begins trading back above the July 50% level, the trend bias is to continue down towards the 2010 50% level and 3-month lows.



Euro Weekly and 5-day pattern….

With the Index moving down the Euro is moving up….

Euro moving into the Weekly and 5-day highs on Thursday. (upper target 1.2710) as shown in Weekly report.

Therefore the trend bias is to continue higher, but it is how price responds to 1.2710 and where Friday closes.

I can’t be bearish unless the Euro is back below 1.2539 (white)




AUD Weekly and 5-day pattern

AUD looks to be heading towards the Weekly highs….

Random support and trend guide July 50% level @ .86.23.

Random resistance:- Weekly highs and Thursday’s highs

7th July Euro, AUD, Daily


Euro Weekly and 5-day pattern

The Euro heading towards 1.7210 as per Weekly report.

no probability pattern for Wednesday:- use levels shown.


AUD Weekly and 5-day pattern...

With price trading above the white and above the 3-day breakout (blue) @ 84.52...

The bias is to continue upwards

However, there is no ideal set-up based on the levels in the higher timeframes for a holding trade.

  • 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 July Euro, AUD, Daily



    AUD Weekly and 5-day pattern

    My view whilst below the White is a 5-day down trend towards the July lows, with random support around the Weekly lows.

    Yellow trend guide (4 hour resistance)

    Euro Weekly and 5-day pattern

    Same pattern as the AUD, whilst below the white the bias is down, but it needs to be trading below the 5-day 50% level to help verify that expectation.

    Otherwise there is a possible upswing into the Weekly highs that match the July 50% level and monthly highs, as shown in Weekly report.

    trend guide today:- 1.2500

    5th July ,USD, Euro, AUD, Daily



    Euro Weekly and 5-day pattern

    I'm bearish on the euro around these highs, and there is also a Friday 5-day high which will normally starts the week with a 2-day reversal

    Trend guide (White) @ 1.2529.





    AUD Weekly and 5-day pattern

    As per Weekly report( bearish).

    Trend guide:- white @ 8472

    3rd July ,USD, Euro, GBP, AUD, Weekly



    USD Index

    USD index is currently trading below the July lows, and whilst below the July lows the bias is to continue down into the Yearly 50% level.

    However, as of next week price moves into a new 3-month cycle.

    If price finds support for the next 5-days above 83.75 (red) and then a weekly close back above the July 50% level then the US dollar will continue upwards once again.

    Euro

    If that happens then that aligns with my view that the Euro is heading back down towards the 3-month lows over the next Quarter.

    single monthly high (red) with matching 3-month 50% level at the start of the Quarter is often a bearish pattern that can drive the Euro back down.

    GBP

    Based on the current price action price looks to be moving towards the 3-Quarterly 50% level (yellow).

    This should align with the July highs (resistance)

    AUD



    Whilst price opens below 84.51 next week the expectation is to push down into July's lows once again.

    Note:- July's lows match the Yearly 50% level therefore there is a lot of support around these levels for the 3-Quarter.

    2nd July , USD Euro, AUD, Daily

    USD Monthly and Weekly

    Expectation that USD Index would continue up has failed as the Weekly 50% level rejected the up trend and price is below the 3-month 50% level

    The Reversal pattern is also occuring from the Yearly highs in 2010.

    There is still the possibility that the UP trend might occur, but it will only occur once the current Weekly timeframe ends and next week is supported above the 3-month 50% level in the new Quarter.

    otherwise price is heading back down into the Yearly 50% level.




    Euro Monthly and Weekly

    Next week's highs and the July 50% level is the critical pattern on whether the Euro continues down or not.

    There is a breakout of the previous Quarterly lows and a swing back towards the new Quarterly 50% level, which on most occassions will send the market back down during the current Quarter.

    Let Friday trade out and see where the Weekly timeframe closes in relation to the July 50% levels.


    AUD Weekly and 5-day pattern

    No probability pattern as the AUD looks to be closing in the middle of the monthly 50% level in july.


    • 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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