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Lawrence's Comment Recap Aussie bounced back to resistance as expected early in the week. But instead of crashing downward, it held Y-1 and then zoomed back up to Y-0. Closed the week ...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 MORELawrence's Comment Recap Cable took out Y+2 as expected and stalled at 100% absolute range expansion. 1-2-3 sell on 4 hour sent cable back to where it started. Closed the week below ...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 MOREAUDUSD Jun 17 to Jun 21 OutlookWeekly Cycle Projection (AUDUSD) 2013-07-01Precog Vision – Forex 2013-4-24Intraday Cycle Projection (AUDUSD) 2021-07-15Hot n Cold (AUDUSD) 2015-7-17Precog Vision – Forex 2018-8-17Intraday Cycle Projection (AUDUSD) 2017-01-13GBPUSD May 04 to May 08 OutlookIntraday Cycle Projection (AUDUSD) 2015-05-15Precog Vision – Forex 2015-12-30
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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