Trading Edges That Last
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Lawrence's Comment Recap Downside bias happened and tagged downside target of Y-2. But dropped in a 3 pushes down manner instead of a selloff. Closed the week above midpoint. Outlook This week due ...READ MORELawrence's Comment Recap A short squeeze from the bear flag as expected. Cable rushed to Y+3 before it stopped. Such move has no staying power and led to quick drop back down ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREThis time it is South Korea's Bank of Korea who cuts its interest rate. As mentioned last time, once Japan started QE, it would reverse the effects of US ...READ MORES&P 500 Apr 23 to Apr 27 OutlookPrecog Vision – Forex 2013-4-24Intraday Cycle Projection (AUDUSD) 2015-02-033DP Odds Table (AUDUSD) 2017-09-22EURUSD Aug 08 to Aug 12 OutlookGBPUSD Sep 22 to Sep 26 OutlookPrecog Vision – Forex 2018-6-20Hot n Cold (AUDUSD) 2015-5-1Currency War Continues With South Korea This RoundIntraday Cycle Projection (AUDUSD) 2017-01-26
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AUDUSD Aug 26 to Aug 30 Outlook
Lawrence’s Comment
FBO against Y+1 and collapsed immediately. Flushed down to below Y-2. Printed almost 200% absolute range expansion before Aussie could bounce. The overshoot both ways scenario unfolded as expected. Closed the week below Y-1 and midpoint.
Outlook
Gold made a breakout to upside move by end of last week while Aussie could not even push back up to Y-1. It is bearish for both gold and Aussie. As long as B-0 is acting as resistance, retest of B-1 is likely.
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