Trading Edges That Last
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Lawrence's Comment Recap No breakout so consolidation it is. Going nowhere whole week. Outlook Breakout mode. Waiting for a breakout (preferred to the upside) above B+1 or B-1.READ MORELawrence's Comment Recap As indicated last week the end of week rally from the week before was not a sign of reversal. That trapped a lot of longs. ES gapped higher at ...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 MOREHot n Cold (AUDUSD) 2022-10-7USDCAD Nov 14 to Nov 18 OutlookUSDJPY Oct 02 to Oct 06 Outlook3DP Odds Table (AUDUSD) 2022-03-09USDCAD May 14 to May 18 OutlookEURUSD Mar 13 to Mar 17 Outlook3DP Odds Table (AUDUSD) 2017-02-08USDJPY Apr 03 to Apr 07 OutlookS&P 500 Oct 13 to Oct 17 OutlookPrecog Vision – Forex 2022-3-1
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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