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Lawrence's Comment Recap A pretty perfect week. Y-0 acted as support early in the week sending dollar yen to Y+1, which acted as resistance. Y-0 failed to act on 2nd ...READ MORELawrence's Comment Recap As expected, a strong swing emerged after all those spikey moves. Clearing Y+2 as mentioned last week is not something to counter. Closed the week near week high and ...READ MORELawrence's Comment Recap Previous week close acted as resistance early in the week. That is the strongest sign that a test of previous week low (Y-1) was in play. Once traded ...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 MORE3DP Odds Table (AUDUSD) 2016-03-15USDJPY Apr 30 to May 04 OutlookGBPUSD Sep 16 to Sep 20 OutlookUSDCAD Apr 04 to Apr 08 OutlookIntraday Cycle Projection (AUDUSD) 2014-11-21Intraday Cycle Projection (AUDUSD) 2012-05-29Intraday Cycle Projection (AUDUSD) 2018-12-27Intraday Cycle Projection (AUDUSD) 2014-08-063DP Odds Table (AUDUSD) 2014-11-06Precog Vision – Forex 2018-11-28
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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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