Trading Edges That Last
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Lawrence's Comment Recap NQ opened higher and went above Y+1 immediately. Sitting above Y+1 opened the door to Y+2. NQ then took off and tagged Y+2. Reaction to Y+2 was a shallow ...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 MORELawrence's Comment Recap 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 ...READ MOREIntraday Cycle Projection (AUDUSD) 2014-07-31Intraday Cycle Projection (AUDUSD) 2016-01-19Nasdaq 100 Feb 17 to Feb 21 OutlookEURUSD Nov 01 to Nov 05 OutlookPrecog Vision – Forex 2011-3-31Precog Vision – Forex 2023-1-4Weekly Cycle Projection (AUDUSD) 2016-09-19Intraday Cycle Projection (AUDUSD) 2014-08-14Intraday Cycle Projection (AUDUSD) 2014-11-13AUDUSD Nov 11 to Nov 15 Outlook
As Featured In
AUDUSD Sep 29 to Oct 03 Outlook
Lawrence’s Comment
Sold off straight down to Y-2 target opened the door to Y-3. Stair step action going down until 100% absolute range was reached. Closed the week below Y-2 and near week low.
Outlook
Weaknesses in gold contributed to the weaknesses in Aussie. This kind of wedging action cannot last though. Once Aussie can move above B-0 and turn that into support, it can easily tag B+2 in 1 go.
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