25th MAY 2013 AUD Weekly report

AUD Primary and Monthly cycles

Primary cycles are weak, even though there is now some support around the 2013 Yearly lows.

However, we must treat the trend as if it's going down for the next 2 years

There's a breakout of the 3-month lows (#A) that should see the market continue down into #B the BUY zone.

However, if the Primary lows supports the AUD, then we could instead have a swing upwards in the last 5-day of MAY, and a 3-week counter-trend rally, as part of retesting the breakout/June 50% level (#C)

if that happens, then it's likely to set-up further weakness down into #B)

27th April 2013 AUD Weekly Report

AUD Monthly & Weekly cycles

Trend bais is DOWN, as it's below the higher timeframe 50% levels...

Trend guide is 1.0271

if above, the swing is back up into the Weekly 50% level and Monthly 50% level:- Resistance

Note:- THIS IS THE LAST FOREX REPORT

26th April 2013 AUD & Euro Daily Report

AUD Weekly & Daily cycles

The AUD could continue to move up towards the APril 50% level, as it's above the 5-day 50% level.

However, the Weekly level @ 1.0315 could also keep a lid on the AUD rising

Euro Weekly & Daily cycles

Price action favours a move downward...

Trend guide the Weekly 50% level @ 1.3015

25th April 2013 AUD & Euro Daily Report

AUD Weekly & Daily cycles

Trend bias is DOWN, it's below the Yearly, Quarterly, & Monthly 50% levels

 However, there's a potential  upmove with the completion of the Weekly break & extend pattern that could see the AUD rise up towards the previous week's lows @ 1.0350

In the short-term, the Weekly level @ 1.0315 is seen as resistance.

Euro Weekly & Daily cycles

Same applies on the Euro...

Trend bias is DOWN

trend guide is the Weekly 50% level and 5-day 50% level (12 hour channel highs)

24th April 2013 AUD & EURO Daily Report

DOW S&P Weekly cycles

Trend bias is to conrtinue lower, but Wednesday could see an early rise...

Random Resistance is the 5-day 50% level @ Weekly level @ 1.03135

don't hold shorts above those levels,as it will swing back towards the April 50% level @ 1.0364 (resistance)

AUD Weekly & Daily cycles

Trend bias is DOWN, 5-day 50% level/12 hour channels/ & Weekly 50% level is seen as resistance

Random Support Wednesday's lows.

23rd April 2013 AUD & Euro Daily Report

AUD Weekly & Daily cycles

Trend bias is to continue lower:- April lows then May lows, as price is now below the Monthly & Quarterly 50% levels.

Random Support :- Weekly & Tuesday's lows

Random resistance 5-day 50% level and 12 hour channel highs

Euro Weekly & Daily cycles

Trend bias is to continue lower, as per Weekly Report towards the Quarterly 50% level @ 1.2915

but a breakout of the 12 hour channels, could attract buying in the Euro....

22nd April 2013 Daily Report AUD & Weekly cycles

AUD Weekly & Daily cycles

Overall trend bias is to continue lower, as per Weekly Report, and also the breakout of the Weekly lows towards this week's lows (random Support)

However, the yearly 50% level could continue to provide Support, and get price to move back towards the April 50% level.

Random Resistance 5-day 50% level.

Euro Weekly & Daily cycles

Monthly cycles suggest a move downward, as it's below the April 50% level & single monthly highs (RED)

12 hour channel highs (white) Resistance

20th April 2013 AUD & Euro Weekly Report

AUD Primary and Monthly cycles

Monthly cycles look weak, as it's below the Quarterly 50% levels, with a down target towards $1.01...

However, the 2013 Yearly 50% level is a random support level..

We also can see the coming together of the Monthly channels, which is going to result in a breakout either way.

The Question is, which way?

Euro Monthly & Weekly cycles

Euro has stalled around the single monthly highs & April 50% level....

Random Support @ 1.2915 (2nd Quarterly 50% level)

AUD & Euro 19th April 2013 Daily reports

Euro Weekly & Daily cycles

Below the April 50% level and Weekly level, the trend bias is down into the Weekly 50% level

random support Friday's lows

AUD Weekly & Daily cycles

Same applies with the AUD, as it's below Support...

however, there could be an early rise on Friday if inside the 12 hour channels towards the 5-day 50% level:- Resistance.

Random Support Friday's lows

18th April 2013 AUD & Euro Daily Reports

AUD Weekly & Daily cycles

AUD once again showing weakness with a confirmed break of the Weekly lows & April 50% level.

12 hour channels are the trend guide.

Random Support Thursday's lows

Euro Weekly & Daily cycles

The Euro is back into showing weakness once again...

Trend guide and resistance @ 1.3070

Random support Thursday's support