Trading Edges That Last
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There are certain weekly statistics that forex traders should know about the majors. These statistics by themselves do not give you very strong bias to lean on. In combination, however, ...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 MOREHot n Cold (AUDUSD) 2015-9-253DP Odds Table (AUDUSD) 2016-08-30Precog Vision – Forex 2017-9-22Weekly Bias: Expected Weekly Behaviour of Forex MajorsIntraday Cycle Projection (AUDUSD) 2016-11-14Hot n Cold (AUDUSD) 2016-4-15Precog Vision – Forex 2011-8-223DP Odds Table (AUDUSD) 2022-08-033DP Odds Table (AUDUSD) 2013-10-15Intraday Cycle Projection (AUDUSD) 2019-02-11
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AUDUSD Dec 16 to Dec 20 Outlook
Lawrence’s Comment
First move to test Y+1 found resistance. Gave us Y-1 target. Dropped to Y-1 and breached the support as if it is not there. Closed the week below Y-1 and below midpoint.
Outlook
As mentioned last week once Y-1 is cleared the target is Y-3. It is now half way thru. More downside is expected. Y-1 / B-0 should cap any upside move for now.
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