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 Euro going lower to Y-2 as expected. Failed to clear the gap above gave us the Y-3 target below. Normal range expansion reached. Closed the week below Y-2 and ...READ MORELawrence's Comment Recap Upside breakout right from the start. Failing to hold above Y+1 gave us FBO play for Y-1 and below. Y-1 resistance by end of week gave us a 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 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 MOREPrecog Vision – Forex 2015-5-27USDJPY Mar 11 to Mar 15 OutlookHot n Cold (AUDUSD) 2012-5-16EURUSD Jan 12 to Jan 16 OutlookUSDJPY Jun 06 to Jun 10 OutlookPrecog Vision – Forex 2020-4-13DP Odds Table (AUDUSD) 2015-12-04Precog Vision – Forex 2014-7-23Nasdaq 100 Aug 02 to Aug 06 OutlookPrecog Vision – Forex 2013-10-22
As Featured In
AUDUSD Aug 05 to Aug 09 Outlook
Lawrence’s Comment
Aussie failed to clear Y+1, gave us the perfect selloff as mentioned last week back down to Y-2. Y-2 did not even put in a fight and gave us 200% absolute range expansion before finding support. Closed the week near week low and below Y-3.
Outlook
Aussie is a reflection of the gold weaknesses. The weaknesses with Aussie, however, requires not just gold moving up but above 1400 to give Aussie the backdrop to be able to hold up. Until then Aussie stays in longer term down trend.
Next week Aussie can bounce back up to B-0 if it can hold Y-3 and give us a 1-2-3 buy from there. Lack of a good bottom, consolidation around B-1 is expected.
Share