Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap More upside as expected. Consolidated around Y+1. Closed the week near Y-0 and below midpoint. Outlook First week long pullback. as long as Y-0 / B-1 acting as support, B-0 is ...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 2022-2-93DP Odds Table (AUDUSD) 2018-07-30Intraday Cycle Projection (AUDUSD) 2017-11-09Intraday Cycle Projection (AUDUSD) 2012-05-24Nasdaq 100 Oct 22 to Oct 26 Outlook3DP Odds Table (AUDUSD) 2012-09-27AUDUSD Apr 01 to Apr 05 Outlook3DP Odds Table (AUDUSD) 2019-02-13Precog Vision – Forex 2015-10-14Intraday Cycle Projection (AUDUSD) 2021-05-27
As Featured In
AUDUSD Jun 17 to Jun 21 Outlook
Lawrence’s Comment
Aussie bounced back to resistance as expected early in the week. But instead of crashing downward, it held Y-1 and then zoomed back up to Y-0. Closed the week below Y-0 and above midpoint.
Outlook
Gold dictated Aussie’s every move last week. Not the best environment to trade this pair unless you monitor gold closely.
4 Hour bear flag clearly in place so a retest of B-0 downto Y-1 likely. If Aussie holds there, a run to B+1 and breakout to B+2 will be in play.
The more likely outcome is bear flag breakdown with a retest of B-1.
Share