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
Ninja found support at previous week close and Y-0 in the beginning of the week. That gave us up drift bias for Y+1. Breakout above Y+1 and stayed above. ...
Lawrence's Comment
Recap
Y-0 resistance dropped ES down to 100% range expansion target and spike reversal from there thanks to rumors about Greece. Then ES tested previous resistance zone and collapse right ...
Lawrence's Comment
Recap
Quiet week for Euro. Previous week close support created an hourly channelup drift. Stalled at previous week resistance zone. Closed the week below Y-0 and near week low.
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AUDUSD Apr 23 to Apr 27 Outlook
Lawrence’s Comment
50% previous week range consolidation. Happens often after an initiate reversal. Closed the week near midpoint.
Outlook
A run to B+1 will trigger a run to Y+1, B+2 and B+3.
Less likely scenario is that if Aussie drops quickly early in the week down to B-1 and that B-0 acting as resistance, then B-2 is in play.
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