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Lawrence's Comment Recap Indecision carried over to this week - attempt to breakout of the range to the upside failed badly and dropped back to Y-0 before a bounce to ...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 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 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 MOREAUDUSD Mar 05 to Mar 09 OutlookPrecog Vision – Forex 2023-5-2Weekly Cycle Projection (AUDUSD) 2015-03-30Intraday Cycle Projection (AUDUSD) 2014-08-143DP Odds Table (AUDUSD) 2013-12-16Intraday Cycle Projection (AUDUSD) 2021-04-23Precog Vision – Forex 2017-6-1MBO Issue 80 (Aug 2018) When Everybody IsPrecog Vision – Forex 2023-5-23DP Odds Table (AUDUSD) 2013-02-28
As Featured In
AUDUSD Feb 04 to Feb 08 Outlook
Lawrence’s Comment
Held Y-1 in beginning of the week led to a bounce towards Y-0. Failed to reach Y-0 and retested Y-1 as expected. Consolidated around Y-1 since. Closed the week at Y-1 and below midpoint.
Outlook
Consolidation after sell off without tagging previous midpoint is sign of weaknesses. Further downside is more likely.
The rare scenario is a quick snap back up to above B-0 and that acts as support. The short term down trend will then be broken with a squeeze back up to Y-0 and possibly B+2.
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