Trading Edges That Last
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Recap Rallied a bit stronger than expected in beginning of the week. Still sold off to target B-1 area. Closed the week below previous week close. Outlook Weaknesses in internals is very ...READ MORELawrence's Comment Recap A flush to Y-2 resulted in a quick bounce back above Y-1. That puts Y+1 in play. As mentioned last week, we are looking for a run ...READ MOREDow 30 Aug 02 to Aug 06 OutlookIntraday Cycle Projection (AUDUSD) 2021-01-06Precog Vision – Forex 2013-5-203DP Odds Table (AUDUSD) 2012-02-22S&P 500 May 16 to May 20 OutlookIntraday Cycle Projection (AUDUSD) 2013-04-23AUDUSD Apr 30 to May 04 OutlookIntraday Cycle Projection (AUDUSD) 2014-03-283DP Odds Table (AUDUSD) 2013-10-283DP Odds Table (AUDUSD) 2011-11-14
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AUDUSD Aug 29 to Sep 02 Outlook
Lawrence’s Comment
B-0 area acted as resistance most part of the week until Aussie eventually break above that and closed the week around Y+1.
Outlook
If B+1 acts as resistance sending the pair lower to below B-1, an important top is in place.
The difficulty here is that the markets are in general slower and more illiquid during this last week of August. So consolidation within B-0 upto B+2 is more likely.
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