Forex Spread

13th March 2013 AUD & Euro Daily Report

AUD Weekly & Daily cycles

March 50% level Resistance @ 1.03320

but a breakout of Tuesday's highs could see a push up into Wednesday's highs and the Weekly level @ 1.0343: Random Resistance

Euro Weekly & Daily cycles

Trend bias is down....

but above the Weekly level & 5-day 50% level could see a 24 hour rise towards Wednesday's highs & the Weekly 50% level @ 1.3150:- Resistance.

12th March 2013 Euro & AUD Daily Report

AUD Weekly & Daily cycles

any further upside moves will be based on the 5-day 50% level and also the Weekly level @ 1.3028

Target Weekly 50% level & Tuesday's highs (if above)

however, overall bias is to move downward

AUD Weekly & Daily cycles

5-day 50% level & Weekly level is the trend guide @ 1.02520

Random resistance levels Tuesday's highs

& Monthly 50% level @ 1.03320

11th March 2013 AUD & Euro Daily reports

AUD Weekly & Daily cycles

Weekly 50% level is the trend guide

Random 4-hour support around 1.0198

(Read Weekly Report)

Euro Weekly & Daily cycles

Weekly level is the trend guide 1.3028

Trend bias is based on the 12 hour channels, as to whether it continues down into Monday's lows,or not

9th March 2013 AUD & Euro Weekly Reports

AUD monthly & Weekly cycles

Trend bias is UP, helped by the patterns in the Monthly lows in March, and next Week's 50% level @ 1.02520

But it could struggle to rise above the March 50% level:- random Resistance

Euro Monthly & Weekly cycles

Trend bias is down into the Monthly the cycle lows & Quarterly 50% level.

8th March 2013 AUD & Euro Daily Reports

AUD Weekly & Daily cycles

Monthly cycles suggest the AUD will continue up towards the March 50% level...

Weekly cycles are mixed, as the Weekly 50% level could continue to act as resistance, therefore 1.0284 is the trend guide

5-day 50% level & 12 hour channel lows are support

Euro Weekly & Daily cycles

I wasn't expecting the Euro to Rise, but with a breakout of Thursday's highs it should continue up into Friday's highs, which match the Weekly level @ 1.3145

1.3145 is seen as resistance.

7th March 2013 Euro & AUD Daily cycles

AUD Weekly & Daily cycles

The AUD failed at the Weekly 50% level, therefore it could move back down towards the Weekly level @ 1.0200 (Support)

However, thereis random Support around the 5-day 50% level

Euro Weekly & Daily cycles

Trend bias is down

5-day 50% level is resistance

Random Support:- Thursday's lows

6th March 2013 Euro & AUD Daily reports

Euro Weekly & Daily cycles

Trend bias is DOWN...

Tuesday retested the previous Weekly lows and failed, therefore there is a bias to move down into the Weekly & March lows.

However, above the 5-day 50% level & it's moving up into the Weekly level @ 1.3145

AUD Weekly & Daily cycles

5-day Support, with Randon Resistance around the Weekly 50% level @ 1.0284.

However, based on the March low support, the AUD is likely to continue up into the Weekly highs & Monthly 50% level.

5th March 2013 Euro & AUD Daily report

Euro Weekly & Daily cycles

The trend bias is down towards the Weekly & Monthly lows...

Random Resistance the 5-day 50% level.

Note:- there was a Friday 5-day low support pattern that could see a 2-DAY rise.

if above the 5-day 50% level, then the target is 1.3145:- Resistance

AUD Weekly & Daily cycles

March low Support, and now the Weekly level @ 1.02 will define whether the trend continues up towards the Weekly 50% level.

Note:- 14.30 Reverse announces whether there's a change in rates or no. AUD could remain flat until then.

3rd April 2013 Euro & AUD Daily Report

Euro Weekly & Daily cycles

Trend bias is down into the March lows....

Currently price action in the daily cycles favours a move down into Monday's lows

Whilst the Weekly level @ 1.3145 & 5-day 50% level is seen as resistance

AUD Weekly & Daily cycles

As noted in the Weekly Report, the AUD has broken some higher timeframe 50% levels, therefore the bias is down, helped by the close below the Weekly lows.

but if above the Weekly level @ 1.0200 the bias is to rise upwards:- Random resistance 5-day 50% level &

1.0266