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
Lawrence's Comment
Recap
Beautiful whiplash play from resistance mentioned last week. Breaking support without putting up a fight at all. 200% range expansion. Closed the week below Y-2 and near week low.
...
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
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.
Share