Recap Y-0 to Y+1 was not even challenged. Aussie dropped straight down to Y-3 , the 200% range expansion target. Bounced back up from there to close near Y-1.
Outlook Down trend established. Y-1 to B+1 should act as strong resistance and a retest of B-1 is expected.
Lawrence's Comment
Recap
Insanity continues as ES opened the week with a significant upside gap and then sold off straight down for 1 and 1/2 days with over 40 points range. Then ...
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
Aussie failed to hold the Y-0 double bottom neckline and flushed down to where it started the up run. The low volume up drift back up to previous week ...
As the long term Tick16 index is staying in the bullish zone, and that the short term Tick16 has moved away from the long term index for some time already, ...
AUDUSD Sep 19 to Sep 23 Outlook
Lawrence’s Comment
Y-0 to Y+1 was not even challenged. Aussie dropped straight down to Y-3 , the 200% range expansion target. Bounced back up from there to close near Y-1.
Outlook
Down trend established. Y-1 to B+1 should act as strong resistance and a retest of B-1 is expected.
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