Trading Edges That Last
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Lawrence's Comment Recap Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1. Outlook Consolidation ended in a weak tone points to potential flush down to B-2 ...READ MORELawrence's Comment Recap Downside 2200 target tagged. Then failed to hold and break lower to next support zone around 2150. Closed the week at the low of the week. Outlook Given the momentum ...READ MORELawrence's Comment Recap NQ is the weak one last week. It follows the NFP playbook as well but it just cannot get through the 2800 round number. Like Dow, NQ bottomed on ...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 MORELawrence's Comment Recap Dip to Y-1 and bounced back up to Y-0. Closed the week at midpoint. Outlook As mentioned last week, this pair has produced a long term bottom and buying ...READ MORELawrence's Comment Recap Bottoming formation gave us a run from Y-0 to Y+2, yet Y+1 failed to act as support. Closed the week below Y+1 and midpoint. Outlook Y+1 failing to hold means the ...READ MORELawrence's Comment Recap Option expiration week played out perfectly to mess with everyone who forgets about it since last month. Initial attempt to blast higher from Y+1 failed leading to first flush ...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 MOREUSDCAD Nov 04 to Nov 08 OutlookNasdaq 100 Nov 28 to Dec 02 OutlookNasdaq 100 Mar 11 to Mar 15 OutlookPrecog Vision – Forex 2021-9-213DP Odds Table (AUDUSD) 2012-05-18USDJPY Dec 12 to Dec 16 OutlookAUDUSD Jul 28 to Aug 01 OutlookEURUSD Feb 25 to Mar 01 OutlookS&P 500 Apr 20 to Apr 24 OutlookPrecog Vision – Forex 2023-3-23
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AUDUSD Apr 16 to Apr 20 Outlook
Lawrence’s Comment
As mentioned last week, the reversal potential is there and no longer looking for short. Nailed it. 100% absolute range expansion stopped the run up slighly below Y+1. Closed the week near midpoint and Y-0.
Outlook
Feels like king when a market behaves almost exactly as expected. =)
The bottoming process in Aussie is closely related to how gold will play out at the current juncture. So keep an eye on gold price movement will help here.
For this week, as long as B-0 acting as support, looking for a run to retest B+1 and potential to tag B+2.
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