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Lawrence's Comment Recap US dollar trashed, but the stock market did not hold up. The correlation had broken down. The most interesting thing from last week was the waterfall formation that ...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 MOREIntraday Cycle Projection (AUDUSD) 2012-12-03Hot n Cold (AUDUSD) 2012-6-29Dow 30 Aug 01 to Aug 05 OutlookPrecog Vision – Forex 2015-9-113DP Odds Table (AUDUSD) 2015-09-30USDCAD Dec 29 to Jan 02 OutlookPrecog Vision – Forex 2019-10-7AUDUSD Mar 20 to Mar 24 OutlookIntraday Cycle Projection (AUDUSD) 2011-10-063DP Odds Table (AUDUSD) 2019-08-28
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AUDUSD Nov 11 to Nov 15 Outlook
Lawrence’s Comment
Aussie did not produce a buy setup early in the week. It just drifted higher to retest Y-0. The bear flag setup was good for a retest of Y-1 and we got that plus a lot more. Downside target reached by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Aussie should extend further to the downside early in the week with clear resistance above at Y-1 / B-0.
It is the time of the year where many markets will start to go directional for a week or two and Aussie is one of them. If Aussie picks up speed to the downside, counter-trend trade will be bad idea.
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