Recap Y-0 support and then breakout to the upside. 100% absolute range expansion stopped the rally. Closed the week above Y+1 and midpoint.
Outlook Y+1 / B-0 support for the breakout play to continue with upside target Y+3. Failing to hold above Y+1 and that turning into resistance points to Y-1 and below in play.
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
Bearish bias on euro pays off. Euro could not hold previous week close and fell back down to Y-0. Not much bounce was observed when euro continue to drop ...
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
Tight range consolidation around Y-1. Political drama affecting cable all week. Closed the week near Y-1 and midpoint.
Outlook
Sideway action after directional drop points to more downside. Until ...
Lawrence's Comment
Recap
Broken above the resistance zone mentioned last week, leading to immediate reversal to normal upside target of Y+2. Stalled from Y+2 and tried to stay above Y+1 ...
AUDUSD Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Y-0 support and then breakout to the upside. 100% absolute range expansion stopped the rally. Closed the week above Y+1 and midpoint.
Outlook
Y+1 / B-0 support for the breakout play to continue with upside target Y+3. Failing to hold above Y+1 and that turning into resistance points to Y-1 and below in play.
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