Recap Tight range breakout to the downside. 200% range expansion target Y-5 tagged and bounced. Wild swing since although trapped within the range. Closed the week below Y-3 and near midpoint.
Outlook This breakout has not reached its targets yet. Y-2 / B-0 zone strong resistance for new low next week.
Lawrence's Comment
Recap
Y-0 held and Y+1 cleared gave us upside breakout. Yet Dow failed to hold Y+1 and dropped back down to week low. Surprise announcements from ECB and then China ...
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
Held right near Y+1 and then breakout to the upside again. Tagged Y+2 and paused. Zoomed to Y+3 and pullback from there since. Closed the week above Y+2 and ...
Lawrence's Comment
Recap
Bullish bias worked out in earlier part of the week but failed to stay above Y+1 to get to the upside target. FBO against Y+1 gave us Y-0 downside ...
Lawrence's Comment
Recap
Consolidation as expected in tight range. Cable simply sit at equal distance from Y-0 waiting for something to move it. Closed the week near Y-0 and midpoint.
Outlook
Inside ...
Lawrence's Comment
Recap
Aussie unfolded exactly as expected. Bounced back to Y-0 and stalled from there since. Retest of Y-1 happened at the end of the week. Closed the week at ...
AUDUSD Aug 31 to Sep 04 Outlook
Lawrence’s Comment
Tight range breakout to the downside. 200% range expansion target Y-5 tagged and bounced. Wild swing since although trapped within the range. Closed the week below Y-3 and near midpoint.
Outlook
This breakout has not reached its targets yet. Y-2 / B-0 zone strong resistance for new low next week.
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