Recap Flushed to Y-2 as expected. News shock sending it back to Y-0. Closed the week below Y-0 and above Y-1.
Outlook News shock again and again abrupted the longer term trend development making it difficult to project price swings beyond the closest levels.
Breaking below B-0 we will likely retest B-1.
Breaking above B+1 originally confirms the potential of breaking the down trend but if it is just a result from the news shock again, that may not last for more than a day.
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
Drifted back up to Y-0 as expected. Sideway actions since. Closed the week below Y-0 and near week low.
Outlook
The expectation of retesting Y-1 is still in play. ...
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 wildest swings within a week in US stock market history. Closed the week above Y-1.
Outlook
The waterfall selloff is now completed and that the first leg of this ...
Lawrence's Comment
Recap
Breakout mode triggered to the downside. Y-3 tagged quickly and extended to Y-4 (also first week of month midpoint) before a bounce. Closed the week above midpoint.
Outlook
The ...
AUDUSD Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Flushed to Y-2 as expected. News shock sending it back to Y-0. Closed the week below Y-0 and above Y-1.
Outlook
News shock again and again abrupted the longer term trend development making it difficult to project price swings beyond the closest levels.
Breaking below B-0 we will likely retest B-1.
Breaking above B+1 originally confirms the potential of breaking the down trend but if it is just a result from the news shock again, that may not last for more than a day.
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