Recap Similar to loonie, aussie produced biggest reaction among the majors from the intervention by the central banks due to its metal currency behaviour. The Y+1 breakout to Y+2 and Y+3 play worked out very well according STOPD. Closed the week at Y+2.
Outlook Intervention effects do not last. Unless the central banks planned a 2nd assault on the worldwide markets this week, a slow drift back down to B-0 is very likely.
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
Gapped lower right off opening of the week and flushed down to test the gap below after failure to break above previous week close. Shorts are squeezed after the ...
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
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
Whatever excuses the analysts pointing out that you can go long ninja last week are just excuses. They do not have a clue that the consolidation phase ...
Lawrence's Comment
Recap
Fed failed to stop euro from further collapse even though throughout last week rumors was spread again and again everyday to pop it higher. Closed the week at ...
AUDUSD Dec 05 to Dec 09 Outlook
Lawrence’s Comment
Similar to loonie, aussie produced biggest reaction among the majors from the intervention by the central banks due to its metal currency behaviour. The Y+1 breakout to Y+2 and Y+3 play worked out very well according STOPD. Closed the week at Y+2.
Outlook
Intervention effects do not last. Unless the central banks planned a 2nd assault on the worldwide markets this week, a slow drift back down to B-0 is very likely.
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