Trading Edges That Last
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Lawrence's Comment Recap Resistance zone mentioned last week capped the upside. Downside target tagged late in the week and bounced. Closed the week below Y-1 and midpoint. Outlook Confirmed weaknesses means a strong breakout ...READ MORELawrence's Comment Recap Violent reactions to hold onto the uptrend after breach of Y-1 has failed as the resistance zone above was rejected decisively. That opened the door to Y-1 again and ...READ MOREHot n Cold (AUDUSD) 2014-1-24Dow 30 Nov 05 to Nov 09 OutlookPrecog Vision – Forex 2021-2-4Precog Vision – Forex 2022-3-29Intraday Cycle Projection (AUDUSD) 2013-02-27USDCAD Jun 02 to Jun 06 OutlookGBPUSD Aug 06 to Aug 10 OutlookGBPUSD Jul 21 to Jul 25 OutlookGBPUSD May 30 to Jun 03 Outlook3DP Odds Table (AUDUSD) 2017-05-24
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AUDUSD Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Bad data from last week is messing up the chart. Notified my staff to look into this.
Tight range breakout to the downside. Y-3 target tagged and found support there. Closed the week below Y-2 and midpoint.
Outlook
As explained last week, Aussie is affected by what is happening in Yemen indirectly due to the wild swings in gold. That has carried over last week and likely to continue this week.
On chart pattern basis only, weekly down leg in the making.
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