Recap Was looking for a drop but not as steep as what happened. Weak right from the beginning of the week failed to hold Y-0 points to a drop to Y-1. Got that in a day. Then it collapsed with rest of the majors against dollar. Closed the week at Y-2 and at week low.
Outlook Wiped out the whole up move in 3 days since the start of the month. Lots of trapped bulls above Y-1. Even if Aussie is going to go higher it cannot just go straight up. So more weaknesses is expected until we get a bottom formation.
Lawrence's Comment
Recap
S&P pullback was expected and pretty much landed and ended at the Y-0 support precisely. Since then S&P drifted back up to new high again. Closed the week above ...
Lawrence's Comment
Recap
Intervention as expected. Forced ninja back up to Y+1 before it stalled. Closed the week near week high.
Outlook
Consolidation after 2 weeks of wild swings is likely. As ...
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
New high was made as expected. But we also know a short term top is in, see here, so the selloff is not a surprise.
The real surprise is ...
AUDUSD Dec 24 to Dec 28 Outlook
Lawrence’s Comment
Was looking for a drop but not as steep as what happened. Weak right from the beginning of the week failed to hold Y-0 points to a drop to Y-1. Got that in a day. Then it collapsed with rest of the majors against dollar. Closed the week at Y-2 and at week low.
Outlook
Wiped out the whole up move in 3 days since the start of the month. Lots of trapped bulls above Y-1. Even if Aussie is going to go higher it cannot just go straight up. So more weaknesses is expected until we get a bottom formation.
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