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.
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Lawrence's Comment
Recap
Sharp pullback in the beginning of the week fulfilled the minimal pullback expectation. Pre-Brexit weekly close support sent NQ straight up. 50% absolute range expansion reached. Closed the week ...
Lawrence's Comment
Recap
Down side expectation worked out beautifully. Down side targets tagged before a bounce was possible. Closed the week below Y-1 and midpoint.
Outlook
Y-1 / B-0 now strong resistance ...
Lawrence's Comment
Recap
Bounced back up as expected. Going all the way back up to near the crime scene too. Closed the week above Y-0 and midpoint.
Outlook
Inside week after a ...
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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