Forex Spread

1st February 2013 AUD EURO Daily reports

Euro Weekly & Daily cycles

Weekly high and 12 hour channels will determine whether the trend continues higher

Note:- there's a breakout of January highs, so there's an expectation that it's moving towards the February highs

AUD Weekly & Daily cycles

New month 50% level (February) will determine whether the trend continues higher or not

Helped by the 5-day 50% level

31st January 2013 AUD & Euro Daily reports

AUD Weekly & Daily cycles

Even though Tuesday's price action wasn't a HOOK pattern, I was still expecting the Weekly level @ 1.04430 to form support

Last day of the month and no clear patterns other than looking for short-term 4 hour ranges within the daily cycles:- 41-84 pips

Random Support Thursday's lows and also the Weekly lows, & January 50% level.

Euro Weekly & Daily cycles

Weekly high is the trend guide, whilst Thursday's highs (Resistance)

& 5-day 50% level & 12 hour channel high (Support)

30th January 2013 AUD & Euro Weekly cycles

AUD Weekly Cycles & 5-days cycles

AUD didn't provide the perfect Weekly HOOK pattern from Tuesday's lows, but whilst it's above the Weekly level @ 1.04430 the target is the Weekly 50% level & Wednesday's highs

Euro Weekly & Daily cycles

12 hour channels looks to be pushing the Euro up into the Weekly highs @ 1.3570:- random Resistance...

Note:- it's above the January highs so there's an expectation that it's pushing up into the February highs

29th January 2013 AUD & Euro Daily report

Euro Weekly & Daily cycles

12 hour channels along with the Weekly cycles suggest the trend is moving upwards...

Random Resistance Weekly & Daily highs

Random Support:- 5-day 50% level and Weekly level @ 1.3411 - 1.3379

AUD Weekly & Daily cycles

if inside the 12 hour channel then the bias is up into the 5-day 50% level and Weekly level @ 1.04430

if it moves down into the Weekly lows & January 50% level (Support), and then closes above the 5-day 50% level, the trend should continue up for the rest of the week.

Note:- A break of Support (daily close) will put pressure on the trend for the rest of the week.

28th January 2013 AUD & Euro Daily reports

AUD Weekly & Daily cycles

Friday low support and a 2-day rise upwards?

That will depend on the Weekly level @ 1.04430 and the 5-day 50% level:- resistance.

Current price action looks like it can move back down into the January 50% level & Weekly lows

Euro Weekly & Daily cycles

Random Resistance Monday's highs & Weekly highs.

If price continues up into the Weekly highs on Monday, then I'll be looking for a move back down into the January highs @ Weekly level @ 1.3411.

If it opens lower today, then that same level is seen as Support

26th January 2013 AUD & Euro Weekly Report

AUD Monthly & Weekly cycles

Weekly level @ 1.04430 will determine whether the trend continues down, or swings back up into the Weekly 50% level:- Resistance

Euro Monthly & Weekly Cycles

Looks to be moving up into next week's highs and then the Febraury highs

25th January 2013 AUD & Euro Daily Reports

AUD Weekly & Daily cycles

Weekly patterns of weakness this week have played out precisely with the 2-day rise up into resistance and the selling down:- breakout of the 5-day lows

Today:- Weekly level & Friday's lows Random Support

Euro Weekly & Daily cycles

The euro didn't follow the same pattern as the AUD, and if the AUD is going to rise up from Friday's lows, then the Euro is likely to continue up towards Friday's highs & Weekly highs

5-day 50% level is Support