Trading Edges That Last
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Lawrence's Comment Recap Consolidation week. Edged higher above Y+1 but failed to hold above it. Closed the week above Y-0 and near midpoint. Outlook There is no real direction developed from the week. Ukraine ...READ MORELawrence's Comment Recap Aussie flushed to almost Y-2 before snapping back up to above Y-0 and then consolidated for the rest of the week. Closed the week above Y-1 and midpoint. Outlook Gold did ...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 MOREPrecog Vision – Forex 2019-1-16Intraday Cycle Projection (AUDUSD) 2014-01-28Precog Vision – Forex 2020-4-10Intraday Cycle Projection (AUDUSD) 2012-08-10GBPUSD Mar 10 to Mar 14 OutlookIntraday Cycle Projection (AUDUSD) 2019-08-08AUDUSD Mar 11 to Mar 15 OutlookS&P 500 Sep 26 to Sep 30 OutlookPrecog Vision – Forex 2021-5-17EURUSD Sep 24 to Sep 28 Outlook
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AUDUSD May 02 to May 06 Outlook
Lawrence’s Comment
Congestion as expected in the beginning of the week. Then took off to target mentioned last wee, pause, and then finish the move by tagging Y+2. Closed at the high of the week.
Outlook
Momentum is too strong to stop at B+1. The likely price level to stall from is Y+3 to B+2 zone.
The less likely scenario is that a sharp turn from B+1 breaking B-0 means the rally is potentially over.
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