Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Sold off as expected. But unlike Aussie, Loonie snapped out of the selling with a sharp bounce back up to its weekly midpoint. Outlook As Y-1 and B-0 acted as ...READ MORELawrence's Comment Recap Y-0 acted as support, breakout to the downside. Y-2 tagged late in the week. Closed the week near Y-2 and week low. Outlook Weaknesses continue as expected but not as weak ...READ MOREFor 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 scheduleREAD MORELawrence's Comment Recap The expected bearish scenario unfolded. Dow failed to hold Y-1 and then dropped in a waterfall pattern clearing Y-2 and Y-3 in 1 go. The drop unleashed some panic ...READ MOREFor 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 scheduleREAD MOREUSDCAD Aug 01 to Aug 05 OutlookIntraday Cycle Projection (AUDUSD) 2022-04-12GBPUSD Mar 24 to Mar 28 Outlook3DP Odds Table (AUDUSD) 2012-02-08Precog Vision – Forex 2023-5-2Dow 30 Oct 20 to Oct 24 OutlookNasdaq 100 Aug 12 to Aug 16 Outlook3DP Odds Table (AUDUSD) 2017-01-03USDCAD May 06 to May 10 OutlookPrecog Vision – Forex 2011-7-25
As Featured In
AUDUSD Dec 17 to Dec 21 Outlook
Lawrence’s Comment
With help of gold, Aussie did not even stopped at Y+1 on the first retest. Opened the door way to Y+2 and tagging that too in a day. Pullback to Y+1. Closed the week near week high and above Y+1.
Outlook
Was caught by surprise on that 4 hour close above Y+1 on first try. Waited for weaknesses that never happened. Missed the ride to Y+2 myself.
End of week up move failed to close above Y+2. If that stays as resistance a move back down to Y+1 / B-0 is likely. It is by no means a selloff. Just end of year consolidation.
If B+1 is cleared, looking for a quick run to B+2.
Share