Recap Consolidation within Y-0 and Y-1 as mentioned last week. There was this w. spring against B-1, however, and started the rally with enough power to break above Y-0 by the end of the week.
Outlook As long as B-0 acts as support, Y+1 will be retested sooner or later. The Y+1 to B+2 zone will be strong resistance because of STOPD levels from multiple timeframes are concentrated there.
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
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
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
Going higher as expected. Consolidated around Y+1 at 50% previous week range. Zoomed up to upside target of Y+2 by end of week. Closed the week near ...
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
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
Selling could not happen as NFP week bias kicked in. FBO against Y-1 gave us Y-0 and then Y+1 before NFP Friday. By Friday, the surprise is over and ...
AUDUSD Feb 21 to Feb 25 Outlook
Lawrence’s Comment
Consolidation within Y-0 and Y-1 as mentioned last week. There was this w. spring against B-1, however, and started the rally with enough power to break above Y-0 by the end of the week.
Outlook
As long as B-0 acts as support, Y+1 will be retested sooner or later.
The Y+1 to B+2 zone will be strong resistance because of STOPD levels from multiple timeframes are concentrated there.
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