Recap Channel support breached gave us Y-1 as expected. Wild up swing testing the channel support from below failed to clear the resistance and sent Aussie down to Y-1 again. Closed the week near Y-1 and week low.
Lawrence's Comment
Recap
The attempted rally from the beginning of the week met with resistance from the week low zone prior to last week. Yet the selloff failed to break below ...
Lawrence's Comment
Recap
Consolidation in 1st half of the week as expected. Spike to the upside paved way to Y+2 and then the breakout carried ninja to the target. Closed the week ...
Lawrence's Comment
Recap
Double news shock. First one sending the pair higher but it failed to stay above Y+1. Second one dropping the pair below Y-0 yet failed to keep it ...
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
The critical support level failed and slided towards my target. Picture perfect FBO on weekly and monthly level. Closed the week below Y-2.
Outlook
If Y-3 is tagged early ...
Lawrence's Comment
Recap
Trapped inside Y-1 to Y+1. The spike and ledge formation is intact. Closed the week below midpoint and is an inside week.
Outlook
Breakout formation in place. The breakout direction ...
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
AUDUSD Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Channel support breached gave us Y-1 as expected. Wild up swing testing the channel support from below failed to clear the resistance and sent Aussie down to Y-1 again. Closed the week near Y-1 and week low.
Outlook
Break of B-1 will give us B-3 quickly.
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