Trading Edges That Last
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Lawrence's Comment Recap Breakout to the downside happened right off the start. Easy play for a slide to below Y-2. Cable never quite tagged Y-3 as it bottomed out above it. Closed ...READ MORELawrence's Comment Recap Got the breakout I was looking for. Breaking to the downside gave us the normal Y-2 target in 1 go. Retest of Y-1 was nasty as it ...READ MOREFor 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 scheduleREAD MORELawrence's Comment Recap Dow tried to hold the prior support zone but failed. Flushed down to 16300 round number and defended the level. The quick snap back up gave us a go ...READ MORELawrence's Comment Recap Sold off as expected. But unlike Aussie, Loonie snapped out of the selling with a sharp bounce back up to its weekly midpoint. Outlook As Y-1 and B-0 acted as ...READ MORELawrence's Comment Recap Heavy selling as expected from the resistance zone mentioned last week. Got first target at Y-2 mid-week. As weekly support zone was breached ES can no longer hold up. ...READ MOREPrecog Vision – Forex 2018-1-5GBPUSD Feb 10 to Feb 14 OutlookDow 30 Dec 31 to Jan 04 OutlookWeekly Cycle Projection (AUDUSD) 2020-07-06Precog Vision – Forex 2022-3-14Dow 30 May 26 to May 30 OutlookUSDCAD Aug 01 to Aug 05 Outlook3DP Odds Table (AUDUSD) 2021-08-09Nasdaq 100 Sep 18 to Sep 22 OutlookS&P 500 Aug 04 to Aug 08 Outlook
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AUDUSD Nov 21 to Nov 25 Outlook
Lawrence’s Comment
Pulled back to resistance area and sold off again to restest Y-1. Then failed to push above the midpoint of the week at that time and resulted in new low below Y-1. Closed the week below Y-1.
Outlook
External factors are affecting Aussie due to its metal currency status. The selloff in past week is a tight down channel that will be broken.
Any breakout above Y-1 will send Aussie back up to Y+1 quickly.
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