Recap Aussie moved under Y-1 as expected and attempts to pop it higher was seen without touching Y-2. Yet there was no strength to push Assuie higher to clear the Y-0 resistance. Consolidation around week open in tight range. Closed the week below Y-1 and midpoint.
Outlook Consolidation after strong selling points to continuation to the downside. Until B+1 is cleared we do not have a case for bottom. Next target B-2 to the downside is likely.
Recap of Last Week Yellow zone acted as support and the pair went higher as expected. It did not quite reach the target area (green zone) because it stalled ...
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
Consolidation play around Y-1 then wild swings due to news shocks later in the week. Closed the week below Y-0 and near week high.
Outlook
Cable anchored itself to ...
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
Euro made this unusual slow drift back down. 100% absolute range expansion ended the week. Closed the week below Y-1 and near week low.
Outlook
As mentioned last week, the original ...
AUDUSD Dec 15 to Dec 19 Outlook
Lawrence’s Comment
Aussie moved under Y-1 as expected and attempts to pop it higher was seen without touching Y-2. Yet there was no strength to push Assuie higher to clear the Y-0 resistance. Consolidation around week open in tight range. Closed the week below Y-1 and midpoint.
Outlook
Consolidation after strong selling points to continuation to the downside. Until B+1 is cleared we do not have a case for bottom. Next target B-2 to the downside is likely.
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