23rd April 2012 Euro & AUD Daily cycles

Euro Weekly and Daily cycles

I was looking for more support this week, with the two key levels (Weekly and monthly 50% levels)

That might happen today.... as the 5-day 50% level comes into play

but it could also continue lower.

simply trade on the side of the 11am levels

AUD Weekly and Daily cycles

Monday's price action wasn't expected (always expect the unexpected), as it didn't fit in with the overall patterns in the Quarterly and monthly cycles.

Currently, the Weekly 50% level trend is weak, and by looking at the price action the trend continue continue down into Tuesday''s lows.

the only way I could get bullish on again, is if the AUD forms a Weekly HOOK pattern.

That is when price moves down into Tuesday's 5-day lows (support) and then closes higher:- above the 5-day 50% level and also the Weekly 50% level.

if that's the case, then the rest of the week would normally close higher:- higher highs by 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

23rd April 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

last week of the month, and this week's trading is based on whether the last 5-days of the month continues to move towards higher highs by Friday....

11am levels will help, with random resistance Monday's highs and the Weekly level @ 1.3268

Support:- Weekly 50% level and April 50% level

AUD Weekly and Daily

Same applies on the AUD....

Trend guide Weekly 50% level @ 1.03520

• 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

21st April 2012 Euro & AUD Weekly Reports

Euro Monthly and Weekly cycles

Trend bias is to try and make the 2nd Quarterly 50% level by MAY

AUD Monthly and Weekly cycles

Trend bias is UP...

but it needs to break and Weekly highs and begin trading above the April 50% level

Week have had a NO control Weekly pattern.

therefore, if it breaks the 5-day high, then it's likely to trend towards higher highs by Friday

Weekly 50% level is the trend guide

20th April 2012 Euro & AUD Daily Report

Euro Weekly and Daily cycle

The Euro is range bound between a number of key levels that are acting are support & acting as resistance, and this may continue  on the last day forming a 'NO CONTROL' weekly pattern.

however, it could also see a last day of the Week rise upwards:- higher Friday close. (5-day breakout)

I would focus on the 12 hour channels (41 pips), and then wait to see if there's a 12 hour breakout in the 1st half of the day, and then try and jump on in the 2nd 12 hour using friday's highs as support

AUD Weekly and Daily cycles

Weekly and Daily 50% levels suggest Friday is moving down into Friday's lows (random support)

However, above the 5-day 50% level, and first target is Friday's highs...(random resistance)

and adjust during the 2nd 12 hours if there's a breakout of the 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

19th April 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The euro continues to remain above support levels, but price fails to remain above the 5-day 50% level, as the trend is below the APRIL 50% level.

Trend guide 5-day 50% level.

Could continue to remain choppy within the 12 hour channels (white)

AUD Weekly and Daily cycles

Can't remain above the Weekly 50% level.

Trend guide based on the 5-day 50% level and Weekly 50% level.

it currently looks bearish, with the 12 hour channel lows as support.

However, it would not surprise me to see Thursday choppy either side of the 50% levels 

18th April 2012 Euro AUD 2012 Daily report

Euro Weekly and Daily cycles

5-day 50% level support....

However, I'm not sure whether it will break the Weekly 50% level and Wednesday's highs

AUD Weekly and Daily cycles

12 hour channels and 5-day 50% level is once again seen as support/trend guide.

Random resistance Wednesday's highs & 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

17th April 2012 Euro AUD Daily report

Euro Weekly and Daily cycles

April 50% level has stalled the Euro from rising....

However, it will be up to the 5-day 50% level and also the Weekly level @ 1.3091 if there's more gains towards Tuesday's highs....

and beyond (Weekly 50% level)

AUD Weekly and Daily cycles

fake break of 12 hour support....

and now it's up to the Weekly 50% level, and also the 5-day 50% level if there are more gains

Weekly 50% level has acted as resistance for 5 weeks now, but the 5-day 50% level and 12 hour channels once again become support...

as part of the trend rising up from the 2nd Quarterly 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

16th April 2012 EURO & AUD Daily report

EURO Weekly and Daily cycles

Whilst below the April 50% level and now Weekly level @ 1.0391 the trend bias is weak.

However, Monday's lows and also the single monthly lows could form another support zone and more consolidating

If looking to trade longs today I would focus on the lesser ranges of .41 pips during the first 12 hours,

AUD Weekly and Daily cycles

My view is UP, but not whilst it's below the Weekly 50% level.

Keep an eye on 12 hour support, and then trading above the Weekly 50% level after 11am today.
Otherwise, a break of 12 hour support, could see the AUD back down into the recent lows once again.

• 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

14th April 2012 Euro & AUD Weekly Report

Euro Monthly and Weekly cycles

either the Euro remains above the single monthly lows and continues up towards the 2nd Quarterly 50% level...

Trend guide Weekly level @ 1.3091

or it fails and continues down once again

AUD Monthly & Weekly cycles

Next Week's 50% level is the trend guide on whether the trend continues higher

or NOT.

13th April 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

April 50% level is seen as Support.

there is a Thursday high breakout that should see the trend continue up towards the Friday's highs and the Weekly 50% level (random resistance)

12 hour 50% level is the trend guide

AUD Weekly and Daily cycles

AUD has stalled at the APRIL 50% level, with the potential to continue higher over the coming weeks

Today:- There is a breakout of Thursday's highs that could see the trend continue up into Friday's highs.

12 hour channels and 50% level is the 4 hour- 12 hour trend guides

However, the April 50% level could push price back down as part of retesting Thursday's breakout.


if that's the case, the next UP leg could eventuate from next week's 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