Recap Y-0 resistance gave us a drop to Y-1 support area. Support breached with a bounce that failed to clear the former support. Closed the week below Y-1 and near week low.
Outlook Breakout setup from last week now confirmed. Y-3 in play as long as Y-1 / B-0 continue to cap any bounce attempts.
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
Downside bias worked out with Y-2 tagged mid week. Bounced off Y-2 and failed to clear Y-1. Closed the week at week low and Y-2.
Outlook
US dollar has strengthen to ...
Lawrence's Comment
Recap
This week S&P followed Dow instead of NQ. Consolidated above Y+1. Closed the week above Y+1 and near week high.
Outlook
A potential swing is in place with price break at ...
Lawrence's Comment
Recap
Y-0 support sent NQ higher to test Y+1. Failed to clear it and dropped back down to normal target of Y-1. Got Y-1 and consolidated since. Closed the week ...
AUDUSD Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Y-0 resistance gave us a drop to Y-1 support area. Support breached with a bounce that failed to clear the former support. Closed the week below Y-1 and near week low.
Outlook
Breakout setup from last week now confirmed. Y-3 in play as long as Y-1 / B-0 continue to cap any bounce attempts.
Clearing B-0 will give us a quick run to B+1.
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