Recap Pullback to our support zone then rally to the resistance area as mentioned last week. By end of the week, broken thru the resistance and completed 100% absolute range expansion. Closed at the high of the week.
Outlook Another pullback congestion in the making. The upchannel has be in force for too long that it is likely to snap out of it soon.
Like last week, B+1 to Y+2 will put a cap on the rally early in the week and B-0 should act as support.
If B-0 is taken out quickly early in the week, then a pullback to B-1 is likely.
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
Beautiful breakout to the upside from support zone as expected. Stop run beyond Y+2 took ninja up to 200% range expansion. Closed the week above Y+3 and near week ...
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
Started the week gap lower to challenge Y-1 and bounced. Y-0 resistance sent Aussie lower to retset previous week close. That held and a squeeze was resulted. Yet, Aussie ...
AUDUSD Feb 06 to Feb 10 Outlook
Lawrence’s Comment
Pullback to our support zone then rally to the resistance area as mentioned last week. By end of the week, broken thru the resistance and completed 100% absolute range expansion. Closed at the high of the week.
Outlook
Another pullback congestion in the making. The upchannel has be in force for too long that it is likely to snap out of it soon.
Like last week, B+1 to Y+2 will put a cap on the rally early in the week and B-0 should act as support.
If B-0 is taken out quickly early in the week, then a pullback to B-1 is likely.
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