Recap Rally continued until Y+2 is tagged. News shock from Euro zone induced a sharp selloff back down to above 1.00, slightly higher than Y-0. Closed the week above Y-0.
Outlook Since Y-0 is not breached, it is likely we get at least a retest of B-0.
Failured to push above B-0 will lead to a drop to B-2.
Lawrence's Comment
Recap
Weekly FBO confirmed with a drop back down to Y-2 normal target. Volatility however makes the move more difficult to deal with for many. Closed the week below Y-1 ...
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
NQ struggled in the beginning of the week to stay above Y+1 yet failed to hold above it suggesting Y-0 was in play. By the end of the week, ...
Lawrence's Comment
Recap
Selloff as expected. Tagged Y-1 target and 13000 round number level. But that was all the bears got. News shock sent Dow back up to the gap and ...
Lawrence's Comment
Recap
Tight range expectation did not work out thanks to sudden weaknesses in US dollar. 100% absolute range expansion stopped Dow from going higher. Closed the week below Y-0 and ...
AUDUSD Jun 25 to Jun 29 Outlook
Lawrence’s Comment
Rally continued until Y+2 is tagged. News shock from Euro zone induced a sharp selloff back down to above 1.00, slightly higher than Y-0. Closed the week above Y-0.
Outlook
Since Y-0 is not breached, it is likely we get at least a retest of B-0.
Failured to push above B-0 will lead to a drop to B-2.
Share