7th April USD, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Expectation that the trend is moving towards the Weekly lows and then the April lows.

Trend guide is the Yellow filter and a breakout of the 3-day lows.

Keep in mind that a break of a 3-day cycle can also result in a 2-day counter-trend move and then continue lower after the 2-days.

Therefore don't short trade above both the Yellow and White:- 1.3418

rotation back into the Weekly 50% levels.

AUD Weekly and 5-day pattern

3-day low support, but helped with the cut in rates resulting in a breakout of the 5-day highs.

The trend bias is to continue towards the April highs, however price is trading around the Weekly highs.

Above Weekly highs is bullish...

Note:- minor pattern could see a retest of the 5-day 50% level....

This is because a breakout oftens sees a retest of the breakout from yesterday (5-day 50% level) and then continues higher Thursday & Friday towards April's highs.

Trend guide:- Yellow filter & Weekly 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

6 April USD, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Continue to be bearish on the Euro towards the April lows.

Only concern on Wednesday would be the 3-day lows supporting on Tuesday & then Wednesday swinging upwards with a break above the Yellow.

Random length on the upside if that occurs.

At this stage I would favour the trend continuing lower.

AUD Weekly and 5-day pattern

Bullish on the AUD, but not my ideal set-up to be trading longs unless price revisits the April 50% levels.

Trend guide the 5-day 50% level:- above 41 pips +

Bearish below the 5-day 50% level if price is trading below, as it is also breaking the 3-day lows.

Random support:- Weekly 50% levels but not so much on Wednesday if it's breaking the 3-day 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

5 April USD, Euro, AUD, GBP, Daily

Euro Weekly and 5-day pattern

Not bullish on Euro in the larger timeframes, as per Weekly report, and not whilst it's below the Weekly 50% level.

Currently trading around the 5-day 50% level


AUD Weekly and 5-day pattern

I'm bullish on the AUD during this Quarter, but not whilst it's trading around Monday's highs.

Support shown:- Weekly 50% level and 3-day lows (blue)

GBP Weekly and 5-day pattern

Not bullish whilst price is trading around the 3-week highs (white)...

As per Weekly report:- expectation that price is moving down into April's 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

3 April USD, Euro, GBP, AUD Weekly

USD Yearly, Quarterly & Monthly

USD currently supported with the view price is moving towards April's highs & 2nd quarter.

Around that level is the 3-Year 50% level that's going to act as a resistance level.

That means that currencies in the short-term should remain bearish with minor counter-trend moves until Those highs are reached and Currencies move down into their April lows.

Euro Monthly and Weekly

Should continue down whilst below the 3-week 50% level towards April's lows.

If above then it's back towards the Weekly highs and April's 3-month 50% level.

GBP monthly and Weekly

Continue to be bearish until the break and extend pattern completes in the April lows.

Resistance:- Weekly highs and April 50% level

Trend guide 3-week 50% level (green)

AUD Monthly and Weekly

Bullish on the AUD the target highs @ 98cents.

Currently in an UP trend (above 3-week 50% level towards April's highs)

However, for price to trend upwards it would be more robust if price moved down into the 3-week lows during the 2nd Quarter.

2nd April 2010 Euro AUD Daily

Euro Weekly and 5-day pattern

After yesterday's price action and reversal pattern, the trend should continue towards the Weekly highs and April 50% level.

Weekly report out tomorrow.

AUD Weekly and 5-day pattern

Expectation that the trend is going higher next week, but based on the levels in the Weekly & 5-day range (highs), it's hard to have a view that Friday will continue to trend 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

1st APril 2010 Euro AUD Daily

Euro Weekly and 5-day pattern

Yesterday we ended up with Set-up B and a higher daily close to end the month.

Today price starts with a higher daily open and trading at the single monthly balance point (red)

I continue to be bearish however there is still the possibility that by early next week price is trading around the April 50% level (3-month).

Therefore below the monthly red, the 3-week 50% level and the Yellow filter on Thursday I favour the trend continuing down in April.

Above and there's the potential for a higher Weekly close, but that will need to be verified with a 5-day high breakout


AUD Weekly and 5-day pattern

2-day stall completed with the expectation that price should continue towards the Weekly highs next week.

Support:- 9114

don't trade longs below .9114 (weekly 50% level)

There is still the possbility that the current week closes around its lows and the April 50% levels, as per Weekly report set-up.

• 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

31st MARCH 2010 Euro AUD Daily

Euro Weekly and 5-day pattern

Bearish on the Euro...

Looking for set-up A to play out:- continuation of the trend down

SET-UP B:- bounces off the 3-day lows and swings back towards the highs

AUD Weekly and 5-day pattern

2-day stall above the 3-day cycle will remain above the 5-day 50% level.

2-day reversal after the change of cycle can revisit the 3-week 50% levels (green).

Resistance:- weekly highs

Random support:- 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

30th MARCH 2010 Euro AUD Daily

Euro Weekly and 5-day pattern

My view is for price to continue towards the April lows and not swing back towards the April 50% level @ 13374.

The latter is a possibility because of the break and extend pattern completion, which normally rotates back towards the 3-month 50% level.

Break and extend:- January breakout and completion March lows

If there is a breakout of Tuesday's highs then I know the latter is occuring.

If my view of an extended move towards April's lows:- Yellow filter trend guide & Weekly 50% level




AUD Weekly and 5-day pattern

I'm hope my view of AUD moving towards 97cents+ in the 2nd Quarter hasn't started a week early.

I will know if there's a breakout of Tuesday's and the Weekly highs, if that's the case.

Resistance:- .9223

• 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

29th MARCH 2010 Euro AUD Daily

Euro Weekly and 5-day pattern

Friday's reversal and back into the 3-week 50% level, should continue down as part of the trend during this Quarter and into the next.

Short-term price would need to be trading below 1.3404 to confirm a continuation of the trend.



AUD Weekly and 5-day pattern

As per Weekly report, the most robust pattern to trade longs would be from April using the 3-month 50% level.

At this stage I would focus on the levels in the 5-day range & Weekly 50% levels and look for Short-term moves of 41-85 pips until next week.

27 MARCH USD, Euro, GBP, AUD Weekly

USD Index

Completes the break and extend pattern from January into March highs.

Two patterns:-

#A. can continue to rotate back down into the 3-month 50% level and then follow another 2-month wave pattern into higher highs in MAY.

#B. continues into April highs and swiftly reverses down into the 3-month 50% level.

if that happens then the next trend upwards won't occur until MAY.

At this stage I'm leaning to #B


Euro Monthly and Weekly

As pointed out with Friday's report, there is now a possibility that there's a 2-day UP move playing out. (daily report out on Monday)

What happens in the Index is going to influence the Euro.

If #B plays out then the expectation is that price will continue into April's lows before a larger reversal pattern back towards the 3-month 50% level.

GBP monthly and Weekly

then next leg down will depend on the next few days until April begins...

April will complete the break and extend pattern in the 3-month cycle.

AUD Monthly and Weekly

Extremely bullish on the AUD in the 2nd Quarter.....

3-month 50% level support for a move towards .97cents