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 in play. Clearing B-0 will give us another run to new high.
The strength in Aussie heavily depends on gold and gold does not look bullish at all on weekly. Beware of gold collapses suddenly which will in turn dragging Aussie lower.
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Lawrence's Comment
Recap
Failed to push thru Y-0 early in the week and a landslide started. Y-2 failed to act as support and forced a flush below Y-3. Rally from ...
Lawrence's Comment
Recap
NQ was the odd one out as it kept dropping due to the selloff in Google and Apple. After 3 pushes down and 100% absolute range expansion, NQ found ...
Lawrence's Comment
Recap
As explained last week, do not confuse volatility as strength. Y-0 breached quickly led to Y-1 test in play. Y-0 turned into resistance since. Y-1 could not even stop ...
Lawrence's Comment
Recap
Out of the 100+ years of historical data I have, there were only a very small number of matching patterns for what has occurred last week in the ...
AUDUSD Apr 01 to Apr 05 Outlook
Lawrence’s Comment
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 in play. Clearing B-0 will give us another run to new high.
The strength in Aussie heavily depends on gold and gold does not look bullish at all on weekly. Beware of gold collapses suddenly which will in turn dragging Aussie lower.
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