Trading Edges That Last
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Lawrence's Comment Recap Previous week close acted as support gave us a clean run up to Y+1 and then 100% absolute range expansion. Closed the week near Y+1 and above midpoint. ...READ MOREPrecog Vision – Forex 2014-11-113DP Odds Table (AUDUSD) 2019-05-17Precog Vision – Forex 2011-8-1Weekly Cycle Projection (AUDUSD) 2014-06-09Intraday Cycle Projection (AUDUSD) 2016-02-083DP Odds Table (AUDUSD) 2016-09-21Intraday Cycle Projection (AUDUSD) 2016-12-07USDCAD Jul 25 to Jul 29 OutlookIntraday Cycle Projection (AUDUSD) 2011-12-163DP Odds Table (AUDUSD) 2018-01-24
As Featured In
AUDUSD Aug 19 to Aug 23 Outlook
Lawrence’s Comment
Consolidation with 50% week range as expected. Failed to consolidate around Y+1 and trapped between Y-0 and Y+1 instead. Closed the week below Y+1 and above midpoint.
Outlook
Gold struggling at its resistance zone, so Aussie do not have the necessary fuel to go higher.
Since gold is testing a critical resistance zone at the moment, Aussie may easily overshoot to both the upside and downside on any violent movement from gold. Will stay away from Aussie myself until gold give me a direction to lean on.
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