Trading Edges That Last
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Lawrence's Comment Recap Previous week close support helped NQ pushing higher. 100% absolute range expansion completed. Closed the week above Y+2 and midpoint. Outlook NQ has been climbing higher with weakening breadth ...READ MOREUSDCAD Oct 03 to Oct 07 OutlookIntraday Cycle Projection (AUDUSD) 2022-12-19Hot n Cold (AUDUSD) 2018-10-26Hot n Cold (AUDUSD) 2013-3-1Nasdaq 100 Dec 04 to Dec 08 Outlook3DP Odds Table (AUDUSD) 2022-05-123DP Odds Table (AUDUSD) 2019-10-07Precog Vision – Forex 2012-2-29Nasdaq 100 Aug 01 to Aug 05 OutlookIntraday Cycle Projection (AUDUSD) 2012-10-12
As Featured In
AUDUSD Aug 05 to Aug 09 Outlook
Lawrence’s Comment
Aussie failed to clear Y+1, gave us the perfect selloff as mentioned last week back down to Y-2. Y-2 did not even put in a fight and gave us 200% absolute range expansion before finding support. Closed the week near week low and below Y-3.
Outlook
Aussie is a reflection of the gold weaknesses. The weaknesses with Aussie, however, requires not just gold moving up but above 1400 to give Aussie the backdrop to be able to hold up. Until then Aussie stays in longer term down trend.
Next week Aussie can bounce back up to B-0 if it can hold Y-3 and give us a 1-2-3 buy from there. Lack of a good bottom, consolidation around B-1 is expected.
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