Recap Beautiful all week bear flag from the week before led to a gap down open near Y-1. Test of support below Y-1 produced a strong double bottom on 4 hours leading to a move from Y-1 to Y+1 quickly. Y+1 cleared and my Y+2 target was tagged later. Closed the week above Y+1 and midpoint.
Outlook Outside up close is bullish. Y+1 / B-0 support for at least a retest of B+1. Consolidation is expected near previous week close at 50% week range.
Lawrence's Comment
Recap
As mentioned last week, Y-0 would be the important support for euro to go higher. Throughout the week, Y-0 acted as support and euro zoomed higher after ...
Lawrence's Comment
Recap
With help of gold, Aussie did not even stopped at Y+1 on the first retest. Opened the door way to Y+2 and tagging that too in a ...
Lawrence's Comment
Recap
NQ consolidated around its previous week close and then took off to test Y+1 from below. Clean break out above Y+1 points to strength and NQ drifted higher since ...
AUDUSD Apr 20 to Apr 24 Outlook
Lawrence’s Comment
Beautiful all week bear flag from the week before led to a gap down open near Y-1. Test of support below Y-1 produced a strong double bottom on 4 hours leading to a move from Y-1 to Y+1 quickly. Y+1 cleared and my Y+2 target was tagged later. Closed the week above Y+1 and midpoint.
Outlook
Outside up close is bullish. Y+1 / B-0 support for at least a retest of B+1. Consolidation is expected near previous week close at 50% week range.
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