Recap FBO scenario played out. Easy drop to target by the end of the week. Closed the week below Y-1 and near week low.
Outlook Daily up trend ended with FBO on weekly high is very bearish. This also signal a problem with gold. Consolidation after a move like this is likely with more downside expected.
For 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 schedule
For 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 schedule
Lawrence's Comment
Recap
Just like Dow and NQ, ES tried hard to clear Y+1 and failed. Stalled back down to Y-0 and found support. 2nd try cleared Y+1 and got my upside ...
Lawrence's Comment
Recap
Did not retest Y-1. Instead, holding at Y-0 and breakout of Y+1, triggering the target of Y+3. Closed the week above Y+3.
Outlook
This week due to the S&P downgrade, ...
Lawrence's Comment
Recap
Traded above Y-0 early in the week points potential consolidation for the week. Failed to hold above Y-0 and slided towards Y-1. Failed to tag Y-1 and ...
For 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 schedule
Lawrence's Comment
Recap
The head and shoulder formation was invalidated at the start of the week as Dow did not stay below the neckline.
Signature STOPD reversal after the new low ...
AUDUSD May 25 to May 29 Outlook
Lawrence’s Comment
FBO scenario played out. Easy drop to target by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Daily up trend ended with FBO on weekly high is very bearish. This also signal a problem with gold. Consolidation after a move like this is likely with more downside expected.
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