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Lawrence's Comment Recap Bearish pattern played out with Y-1 tagged. Violent reactions to Y-1 zone led to complete reversal making new high for the week. Closed the week near Y-0 and above ...READ MORELawrence's Comment Recap As expected, a bounce to Y-0 could not be avoided and that it would not stop the bounce also materialized. The interesting thing is that it was done through ...READ MORERecap of Last Week As expected, range contracted significantly to just 50% of the prior week. A new low is printed without expansion into 50% downside expansion target zone ...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 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 MORENasdaq 100 Sep 05 to Sep 09 OutlookDow 30 Apr 29 to May 03 OutlookWeekly Cycle Projection (AUDUSD) 2018-04-09Intraday Cycle Projection (AUDUSD) 2016-01-083DP Odds Table (AUDUSD) 2017-08-08GBPUSD Dec 27th to Dec 31st Outlook3DP Odds Table (AUDUSD) 2019-08-05Precog Vision – Forex 2011-10-31Precog Vision – Forex 2019-5-7Intraday Cycle Projection (AUDUSD) 2017-04-27
As Featured In
AUDUSD Sep 16 to Sep 20 Outlook
Lawrence’s Comment
Sell setup never materialize. Just drift up to Y+2 which led to a sharp drop back down to Y+1 support. Closed the week below midpoint and near Y+1.
Outlook
2nd leg of a melt up measured move is now completed. Aussie is not really in sync with gold this time as if someone is anticipating gold will go higher and buying Aussie first.
At this point, Y-0 / B-2 is strong support zone thus any selling will have a difficult time to break that. Long side is tired and need some time to absorb the up swing first. Looking for consolidation around B-0 this week.
Chart pattern points to tagging both B-1 and B+1 this week so be warned.
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