Recap FBO against B+1 gave as sell off down to 100% absolutely range expansion. Buying discovered there produced a short squeeze straight back up to Y+1 and above. Tagged Y+2 and stalled. Closed the week near Y+1 and above midpoint.
Outlook Y+1 / B-0 support will force a retest of B+1. B+1 acting as resistance will likely send Aussie back down to Y-0 and below crime scene.
Lawrence's Comment
Recap
The consolidation scenario unfolded. Whole week trapped within Y-1 to Y-0.
Outlook
As long as B+1 to Y-0 acts as resistance, B-1 will be retested. The week long consolidation means ...
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
ES acted as bullish as it can be as expected last week. But that strength disappeared when the fiscal cliff talks taking over the media. During Thursday ...
AUDUSD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
FBO against B+1 gave as sell off down to 100% absolutely range expansion. Buying discovered there produced a short squeeze straight back up to Y+1 and above. Tagged Y+2 and stalled. Closed the week near Y+1 and above midpoint.
Outlook
Y+1 / B-0 support will force a retest of B+1. B+1 acting as resistance will likely send Aussie back down to Y-0 and below crime scene.
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