Trading Edges That Last
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Lawrence's Comment Recap NQ did a whiplash play. First NQ held Y-0 support and pushed higher above Y+1. That is pretty much the expected move. Then NQ failed to hold above Y+1 ...READ MORELawrence's Comment Recap Short squeeze back up to Y+1 as expected filling the open gap above. The move was so dirty that it was erased right after and led to spike reversal ...READ MORELawrence's Comment Recap Aussie spiked below Y-1 and snapped back up above without tagging Y-2 first. Y-1 turned into support sending Aussie back up to Y-0. Closed the week below Y-0 and ...READ MORELawrence's Comment Recap Another easy play last week was NQ. Flushed to below Y-2 until 100% range expansion. Bounced back up to week high and found resistance there. Enough dip buyers fried ...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 MOREWeekly Cycle Projection (AUDUSD) 2011-11-28Nasdaq 100 Aug 19 to Aug 23 OutlookUSDCAD Jan 16 to Jan 20 Outlook3DP Odds Table (AUDUSD) 2022-10-07Weekly Cycle Projection (AUDUSD) 2016-04-25Dow 30 May 16 to May 20 OutlookAUDUSD Feb 09 to Feb 13 OutlookNasdaq 100 Mar 31 to Apr 04 OutlookGBPUSD Apr 25 to Apr 29 OutlookPrecog Vision – Forex 2020-10-1
As Featured In
AUDUSD Feb 02 to Feb 06 Outlook
Lawrence’s Comment
Y-1 support in the beginning of the week led to an up drift near Y-0. 1-2-3 sell breaking the bear flag sent Aussie straight down to clear Y-1. Range expansion to 2 times the original established range. Closed the week below Y-1 and near week low.
Outlook
This 2nd leg down is very damaging to the weekly timeframe. Natural support is either this B-1 zone or 500 pips lower. Another wildcard play like Euro this week. Until we get a confirmed reversal on daily which points to a bounce back up to B-0, there is no nearby projection for the downside target.
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