Lawrence's Comment
Recap
Y+2 capped the rally and sold off quickly off there as mentioned last week. Closed the week below Y+1.
Outlook
As long as B-0 to B+1 area acts as ...
Lawrence's Comment
Recap
Got the retest of the bottom at Y-2. It acted as support and gave us the rally as expected. Closed the week near Y-0 and week high.
Outlook
More ...
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
Strongest of the 3 indices - upside range expansion followed fib ratio instead of the more structured 50%. That tells us the rally is getting emotional. Closed the ...
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
AUDUSD Jul 20 to Jul 24 Outlook
Lawrence’s Comment
Test of Y-1 as expected. Y-1 support all week. Closed the week near Y-1 and below midpoint.
Outlook
2nd consolidation week with weak close is bearish. Until B-0 turning into support, down trend can lead to a flush down to B-3.
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