Trading Edges That Last
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Lawrence's Comment Recap Failure to tag Y+1 early in the week sent the pair back down to Y-1. As Y-1 did not contain the drop, further weaknesses was expected from ...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 MOREAUDUSD Mar 14 to Mar 18 OutlookUSDJPY Nov 29 to Dec 03 OutlookPrecog Vision – Forex 2013-10-23S&P 500 Jan 31 to Feb 04 Outlook3DP Odds Table (AUDUSD) 2017-04-13Hot n Cold (AUDUSD) 2011-10-73DP Odds Table (AUDUSD) 2017-08-143DP Odds Table (AUDUSD) 2013-06-27GBPUSD May 18 to May 22 OutlookPrecog Vision – Forex 2015-6-16
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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.
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