Recap One of the easier plays last week even though it was a bit wild. FBO in beginning of the week gave us at least a test of Y-0. And Y-0 was cleared in 1 go giving us Y+1 target. Wild swings mid week and landed at Y+1 by end of the week. Closed the week below Y+1 and above midpoint.
Outlook A whiplash week that failed to close outside the previous week range is not a confirmed breakout. So we are back to the same game this week again waiting for reactions at the boundaries B-1 and B+1.
Lawrence's Comment
Recap
Rejected Y-1 in the beginning of the week with Y-0 failed to act as resistance hinted that Y+1 was going to be challenged. The breakout to the ...
For 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 schedule
Lawrence's Comment
Recap
What normal? Another continuous drift higher until round number 13900 was tagged. Led to the usual 100 points pullback. Then extreme reaction to the level with a gap up ...
Lawrence's Comment
Recap
Expectation of very strong reaction materialized. Previous week close acted as support and sparked a strong push of 200% absolute range expansion to the upside. Closed the week above ...
For 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 schedule
AUDUSD Oct 07 to Oct 11 Outlook
Lawrence’s Comment
One of the easier plays last week even though it was a bit wild. FBO in beginning of the week gave us at least a test of Y-0. And Y-0 was cleared in 1 go giving us Y+1 target. Wild swings mid week and landed at Y+1 by end of the week. Closed the week below Y+1 and above midpoint.
Outlook
A whiplash week that failed to close outside the previous week range is not a confirmed breakout. So we are back to the same game this week again waiting for reactions at the boundaries B-1 and B+1.
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