Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Quiet start like other pairs until FOMC news shock. Y+2 usual upside target blocked the upswing. Closed the week above Y-0 and below midpoint. Outlook Loonie rejected the upside decisively.As long ...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 MOREIntraday Cycle Projection (AUDUSD) 2017-08-08Weekly Cycle Projection (AUDUSD) 2013-04-08USDCAD Dec 23 to Dec 27 OutlookHot n Cold (AUDUSD) 2018-3-23Weekly Cycle Projection (AUDUSD) 2013-07-22Intraday Cycle Projection (AUDUSD) 2015-04-07Precog Vision – Forex 2020-10-19Precog Vision – Forex 2014-11-25Hot n Cold (AUDUSD) 2011-6-223DP Odds Table (AUDUSD) 2020-12-24
As Featured In
AUDUSD Aug 29 to Sep 02 Outlook
Lawrence’s Comment
3rd leg down resulted in a fight to defend of Y-1 which eventually led to a run for Y-0 test after Mrs. Yellen’s comments. Since 2nd swing low was not defended, no fuel to go higher and collapsed from there. Closed the week below Y-1 and near week low.
Outlook
Down channel structure but not well formed. Momentum points to more downside for now but Y-2 support can lead to a reversal to test Y-1 / B-0 first for confirmation of weaknesses.
Share