12th April 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The Euro is still caught between a Rock and a Hard place....

Single monthly lows continue to support the trend, whilst the April 50% level is forming resistance.

Trend guide is the 5-day 50% level



AUD Weekly and Daily cycles

AUD performing better, but it still needs to break out of the 5-day highs...

first target the Weekly 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



    • 11th April 2012 Euro & AUD Daily reports

    Euro Weekly and Daily cycles

    Single monthly lows continues to support the Euro, but it can't move above the April 50% level.

    Current price action in the 5-day range suggests the 5-day 50% level will push the euro down in the daily lows...

    Be aware of any breakout of those 5-day lows, as they could act as resistance in the 2nd 12 hour range from 11am.

    If above the 5-day 50% level... then adjust

    AUD Weekly and Daily cycles

    The AUD was looking good yesterday, but when it failed at the 5-day highs and began to trade under the 5-day 50% level...
    I knew the AUD will come under selling pressure.

    At this stage the higher timeframe levels continue to support the current trend...

    however, Wednesday looks like it will follow the daily cycles towards the daily lows...

    Don't hold longs below those 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




    • 10th April 2012 Euro & AUD daily report

    Euro Weekly and Daily cycles

    Does the Euro continue to rise up from a lower weekly open and single monthly low support?

    if so, it needs to remain above the 12 hour channel highs (White) and then the 5-day 50% level.


    AUD Weekly and Daily cycles

    AUD is currently consolidating above higher timeframe support...

    and if it's going to continue to move upwards...

    then today's 5-day 50% level at 11am will be the deciding factor.

    first target remains the Weekly 50% level, as per Weekly report




    • 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



    • 9th April 2012 Euro & AUD Daily reports

    Euro Weekly and Daily cycles

    Overall trend bias is bearish whilst below the April 50% level.

    single monthly lows has supported the current trend.

    If it's going to move upwards (lower Weekly open)

    then 11am levels are support zone

    AUD Weekly and Daily cycles

    As per Weekly report, my view is UP...

    Weekly level random support @ 1.0277

    needs to be above 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



    • 7th April 2012 Euro & AUD Reports

    Euro Monthly and Weekly cycles

    Does the single monthly lows (Red) support the Euro?

    And does it begin to rise upwards from next week?

    The Weekly level and April 50% level will define whether that's going to happen



    AUD Monthly and Weekly cycles

    As per previous Weekly report, my view is that these 2nd Quarterly levels will support the AUD and hopefully it begins to rise upwards from next week...

    Partial exit @ Weekly 50% level

    6th April 2012 Euro & AUD Daily report

    Euro Weekly and Daily cycles

    12 hour 50% level will define whether the trend continues down into Friday's lows....

    or whether the single monthly low (red) and the Weekly 50% level Supportsthe trend during the 2nd 12 hour timeframe from 11pm

    AUD Weekly and Daily cycles

    Remains supported above the higher timeframe levels, as per last week's report.

    However, it's struggling to move above the 5-day 50% level.

    12 hour 50% level @ 11am will define whether it move upwards 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



    • 5th April 2012 Euro & AUD Daily report

    Euro Weekly and Daily cycles

    Wednesday's lows failed to support the Euro....

    Today:-  the 12 hour 50% level at 11am will define whether it follows the daily break and extend pattern towards the daily lows

    or rises up into the 5-day 50% level:- random resistance

    AUD Weekly and Daily cycles

    AUD is now being supported around the higher timeframe levels @ 1.0247/73.

    However, it's not getting the bounce as one would hope for.

    And as mentioned in yesterday's report, if the AUD is going to rise higher, it might not happen until next week.

    Today:-  12 hour 50% level is the trend guide

    5-day 50% level is a random resistance zone (Weekly level @ 1.0338)

    if above the resistance zone, hopefully it can attract more buying towards the April 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 April 2012 Euro & AUD Daily reports

    Euro Weekly and Daily cycles

    Euro Failed to remain above Tuesday's support levels, & breaking the 5-day lows.

    Current price action looks like the Weekly 50% level might support the trend during the first 12 hours, but fail to rise higher than the 5-day50% level (random resistance)  and the Weekly level @ 1.3286.

    Daily cycles suggests a move down into Wednesday's lows.

    AUD Weekly and Daily cycles

    AUD is moving down into Wednesday's lows, which aligns with the major support levels in the 2nd Quarter, as per Weekly report @ 1.0247/1.0273.

    There are two patterns that can play out if Support holds...

    #1) Finds support on Wednesday and closes higher... and then continues higher using next week's 50% level as the trend guide.

    #2) closes on its lows this Week (Friday 5-day lows support)...

    and then rises up from a lower week open using higher timeframe support, as a Thrust pattern upwards.


    • 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 April 2012 Euro & AUD Daily report

    Euro Weekly and Daily cycles

    Weekly level Support @ 1.3286, and it's now the 5-day 50% level that will decide whether the trend will continue to move up towards the Weekly highs or not

    AUD Weekly and Daily cycles

    Trend bias is down before it potentially continues higher, as per Weekly Report.

    However, a breakout of Tuesday's highs  will attract more buying, as it begins to trade above the Weekly & Monthly 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



    • 2nd April 2012 Euro & AUD daily report

    Euro Weekly and Daily cycles

    Trend bias is up towards this week's highs annd also the single monthly highs @ 1.3434 (random resistance)

    12 hour channels will define the support levels at 11am

    if below then the Weekly level @ 1.3286 is the support zone


    AUD Weekly and Daily cycles


    AUD has opened higher, and in now trading above the 5-day 50% level but around the monthly and Weekly 50% levels that can act as resistance.

    As noted in the Weekly report, support zones reside around the 2nd quarterly 50% level at lower levels.

    conflicting patterns as this stage in the day.





    • 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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