Recap As expected we got our pullback. Better yet, it blown through the support at Y-1, triggering the Y-3 to Y-4 target which was tagged quickly in 2nd half of the week.
Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
For 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 schedule
For 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 schedule
Lawrence's Comment
Recap
Gapped way higher right at the start of the week. Then collapsed back down to fill the gap. NQ found support there and started a short squeeze filling the ...
For 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 schedule
AUDUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
As expected we got our pullback. Better yet, it blown through the support at Y-1, triggering the Y-3 to Y-4 target which was tagged quickly in 2nd half of the week.
Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
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