Recap As oppose to breaking below Y-0 and testing Y-1, Y-0 acted as support, leading to further upside range expansion. Tagged the target zone Y+3 right at the end of the week.
Outlook The momentum may carry the pair a big higher but the upside will be capped this week under Y+4 and B+2. Congestion between B-0 and B+1 is the more likely scenario.
Lawrence's Comment
Recap
Y+1 test rejected. Cable slided back down to Y-0 eventually.Closed the week below Y-0 and near week low.
Outlook
Upside rejected decisively. Y-0 / B-0 strong resistance unti proven ...
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
Y-1 breached early in the week but did not act as resistance. W. spring formed with Y-1 acting as support sending euro back up to Y-0. Closed the week ...
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
Tried to hold Y-0 and failed. Flushed down to Y-1 and found support. Bounced back up above Y-0 and stuck there since. Closed the week above Y-0 and midpoint.
Outlook
Y-1 ...
Lawrence's Comment
Recap
Trapped inside Y-1 to Y+1. The spike and ledge formation is intact. Closed the week below midpoint and is an inside week.
Outlook
Breakout formation in place. The breakout direction ...
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AUDUSD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
As oppose to breaking below Y-0 and testing Y-1, Y-0 acted as support, leading to further upside range expansion. Tagged the target zone Y+3 right at the end of the week.
Outlook
The momentum may carry the pair a big higher but the upside will be capped this week under Y+4 and B+2. Congestion between B-0 and B+1 is the more likely scenario.
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