13th October 2010 , Euro AUD, Daily

Euro Weekly and 5-day pattern

based on the current price action and Tuesday's 5-day low reversal...

Trend bias is to continue upwards

Support:- 1.3876-86

Note;- trading around October highs, therefore it price is trading below intra-day support Wednesday's trend is bearish

AUD Weekly and 5-day range

Trend guide in the first 12 hours is 9868, with a bias to move upwards.

If below, then there is more intraday rotation of 41 to 85 pips

random support @ 9795 to 9800

12th October 2010 , Euro AUD, Daily

Euro Weekly and 5-day pattern

higher weekly open and reversing down into 1.3772

before it gets down into random support levels...

 the resistance levels are...1.3893-97

Note:- as per Weekly report I'm looking for larger reversal patterns in currencies, but at this stage it is too early to tell unless Tuesday's 5-day lows breakout

AUD Weekly and 5-day pattern

AUD testing the previous weekly breakout @ 98.17

support as shown @ 98.09

this could send AUD back into a higher daily close and towards 9948...

verifed with price trading above 98.35

however, below support and it is a 2nd day reversal pattern towards 97.60 

(support .9727)

11th October 2010 , Euro AUD, Daily

Euro Weekly and 5-day pattern

Monday's trading is simply based on the trend guide @ 1.3980 (next 12 hours)

AUD weekly and 5-day pattern

Same applies :- trend guide @ 9876

9th October 2010 ,USD, Euro, GBP, AUD, Weekly

USD Index

moving into support levels on October around the lows, but there support levels need to be verified with price trading back above the 3-week 50% levels and the Quarterly levels (Yellow)

At this stage my view is that any potential reversal might not happen until the 3rd or 4th week of this month.

Euro Monthly and Weekly

Trend around resistance levels in October with the view that price is moving back down before it can continue higher

We look for patterns in the 5-day range to 'time' the short trades.

GBP Monthly and Weekly

moving upwards next week into the highs (resistance)

AUD monthly and Quarterly

Target @ 9979  (resistance)

reversal of the trend will begin with price trading below 97.60

8th October 2010 , Euro AUD, Daily

Euro Weekly and 5-day pattern

Euro trading around the October highs, completing the break and extend pattern from the previous Quarter.

i'm now looking for reversal patterns in the euro to move back towards the 3-month 50% levels.

first resistance level is around 1.3955-64.

random support:- as shown @ 1.3844.63

AUD Weekly and 5-day pattern

AUD has the same patterns, but there is still the possbility that price continues up towards the October highs next week.

Whilst price is below 98.30

the trend bias is to move back down into the support levels in the 5-day range @ 9726-59

7th October 2010 , Euro AUD, Daily

Euro Weely and 5-day pattern

Euro has reached the Octobe highs and in my opinion begins to hit major resistance levels, as the USD begins to hit the July lows.

A proper reversal pattern might not happen until next week, but there are a number of levels to keep an eye on...

Especially if price is trading below 1.3877.

At this stage the trend guide is 1.3913 and looks to be moving up into Thursday's highs.

AUD Weekly and 5-day pattern

AUD has reached the Yearly highs @ .9786

There is still a possible move up into the Weekly and monthly highs.

Trend guide @ .9774.

Random support as shown @ 9705-9715.

Support levels only valid for the first 12 hours.

6th October 2010 , Euro AUD, Daily

Euro Weekly and 5-day range

Monday tested the previous Weekly breakout and Tuesday has rallied up into higher timeframe resistance levels.

There is a breakout of Tuesday's highs so I would think price would push upwards using 1.3834 as the trend guide.

Around 1.3907- 30 is seen as resistance on Wednesday.

AUD Weekly and 5-day pattern

should continue up into Wednesday's highs.

Support:- .9689 to .9701

Random resistance around 9774 to 9784...

As there is a possible move up towards the Weekly highs @ .9817 to .9846

5th October 2010 , Euro AUD, Daily

Euro Weekly and Daily range

Trend bias is to continue up towards the October highs.

This week has seen a reversal down and a retest  of last week's breakout of the Weekly highs.

If price is going to move upwards then it needs to start to consolidate above the 50% level 1.3671

Random resistance @ 1.3741

below 1.3656

and downside is towards 1.3601 during the next 12 hours.

AUD Weekly and 5-day pattern.

Trend bias is to reach the Yearly and October highs.

today's rate announcement out @ 14:30 will have a bearing on whether that happens.

currently price is trading below the 5-day 50% level @ 96.82

Whilst below the trend bias is to rotate back down into support levels on Tuesday (daily lows @ 9618)

Weekly support @ .9611

4th October 2010 , Euro AUD, Daily

Euro Weekly and 5-day pattern

trading range for the first half of the day is

1.3725  (random support)

1.3815 (random resistance)

AUD Weekly and 5-day pattern

trading range for the first half of the day is

                                                              96.74 to 96.82 (random support)
                                                             97. 48 (random resistance)
                                                                            
                                                                           97.28 (trend guide

2nd October 2010 ,USD, Euro AUD, GBP, Weekly

USD Index Monthly and Quarterly

Break and extend pattern in the 3rd Quarter (september lows) should continue down into Support and the October lows.

Around those lows are seen as a potential swing pattern back towards the 3-month 50% levels, using lesser timeframe patterns to validate the trend

Note:- the trend is below #6, which is also the Yearly 50% level.

Whilst below that level any potential up swing could see the trend continue lower using the 3-month 50% level as resistance and continue down towards the first Quarter lows in 2011.

Euro Monthly and Weekly

Same pattern but in reverse, as the Euro should continue to extend upwards into October's highs

Those highs will be seen as resistance with an expectation that the trend will reverse back down towards the 3-month 50% level later in the month of October.

The trend will most likely then continue higher only in November, using the 3-month 50% level as the trend guide.

GBP Monthly and Weekly

Same expectation as the euro

Random resistance around the weekly highs next week.

AUD Monthly and Weekly

completing the move into the Yearly highs @ 97.86

Break and extend pattern from September into October's highs.

We begin to look for the same rotating patterns downward later in October.

AUD Primary and Secondary cycles

2nd quarter sell off in the AUD down into the Yearly 50% level (#10)

3rd Quarter support and continuation of the up trend # 12…..

Resulted in a breakout pattern that should extend up into the October highs.

Note:- Yearly high completion target is 97.86, therefore AUD begins to hit higher timeframe resistance levels between 97.86 and the October highs.

Looking for a rotation back down towards 93.61 probably in the 3rd week of October.

If the AUD is going to continue higher thereafter will be from the November 50% levels towards higher highs in 2011 (Target unknown as yet)

If there is going to be higher highs in the 4th Quarter, then Validate the next UP leg using forward timeframe analysis and the November 50% levels and the primary cycle for 2011