Trading Edges That Last
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Lawrence's Comment Recap Very nice rally off the support zone mentioned last week. Rally until 100% absolute range expansion completed. Y+2 rejected leading to a drop back down to Y+1. Closed the ...READ MORELawrence's Comment Recap Bearish bias worked out. Y-0 resistance sent Aussie down to Y-2 normal target. Closed the week near Y-2 and week low. Outlook Y-3 target is still in play. Y-1 ...READ MORERecap of Last Week Rally to prior week high, trapped in between yellow zone and green zone as mentioned last week, and then selloff to target red zone. A ...READ MORES&P 500 Feb 25 to Mar 01 OutlookIntraday Cycle Projection (AUDUSD) 2021-09-09Precog Vision – Forex 2017-6-63DP Odds Table (AUDUSD) 2023-04-25Weekly Cycle Projection (AUDUSD) 2022-02-14Nasdaq 100 Jul 28 to Aug 01 OutlookAUDUSD Jul 27 to Jul 31 OutlookHot n Cold (AUDUSD) 2016-11-18AUDUSD Jul 05 to Jul 09 OutlookGBPUSD Dec 20th to Dec 24th Outlook
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AUDUSD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
As expected, Aussie stays weak and failed to clear Y-0. Dropped below Y-1 and stopped at equal distance off previous week close. Closed the week near Y-1 and below midpoint.
Outlook
Decisive rejection of Y-0 gave us clean break of Y-1 thus Y-2 is still in play. It is also the original target stated last week. As long as B-0 is acting as resistance it is likely we get Y-2 and B-2 either this week or next.
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