Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Strongest of the 3 indices - upside range expansion followed fib ratio instead of the more structured 50%. That tells us the rally is getting emotional. Closed the ...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 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 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 MORELawrence's Comment Recap Dow could not hold above Y-1 leading to continuation sell down to below Y-2. Formed double bottom and zoomed higher back up to above Y-1 and initiated a squeeze ...READ MORELawrence's Comment Recap As expected Y-1 failed to hold as support and another new low was made last week. Closed the week below Y-1 and midpoint. Outlook Weaknesses persisted but range has ...READ MORENasdaq 100 Oct 17 to Oct 21 OutlookWeekly Cycle Projection (AUDUSD) 2011-07-25Precog Vision – Forex 2021-6-9Precog Vision – Forex 2012-7-2Precog Vision – Forex 2018-11-20Dow 30 Feb 10 to Feb 14 OutlookUSDJPY Sep 02 to Sep 06 OutlookForex Weekly Bias: Bearish WednesdayUSDCAD Aug 20 to Aug 24 Outlook3DP Odds Table (AUDUSD) 2017-03-29
As Featured In
AUDUSD Apr 14 to Apr 18 Outlook
Lawrence’s Comment
Bullish scenario unfolded. Held Y-0, gave us Y+2 and no pullback since as gold strengthen at the same time. Aussie could not stop going higher until 200% range expansion. Stalled immediately back to midpoint. Closed the week above Y+2 and midpoint.
Outlook
The tension build up in Ukraine is a surprise to many hence the rush to gold and the metal currencies. Luckily they still followed the breakout rules closely.
Monday/Tuesday is critical whether Aussie will establish a swing top or bottom for the week. Swing bottom will allow Aussie to clear B+1 and run for B+2. Swing top means a drop back down to Y+1 likely.
Share