Recap Attempts to breakout above Y+1 failed as Y+1 never turned into support. Consolidation in tight range all week. Closed the week near Y+1 and above midpoint.
Outlook Y-0 support points to the intention of retesting the spike high near Y+2. Strong resistance at Y+2 / B+2. Breaking below B-1 will give us B-2 and potential continuation of weekly down trend.
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
Y-0 support gave us up drift to B+2. Reaction to FOMC meeting swinged NQ back down to Y-0. Closed the week near Y-0 and below midpoint.
Outlook
B-0 / ...
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
Pullback as expected. Down to Y-0 zone as expected. And took off to retest Y+1, then breakout to almost Y+2. Closed the week near high of week.
Outlook
The ...
AUDUSD Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Attempts to breakout above Y+1 failed as Y+1 never turned into support. Consolidation in tight range all week. Closed the week near Y+1 and above midpoint.
Outlook
Y-0 support points to the intention of retesting the spike high near Y+2. Strong resistance at Y+2 / B+2. Breaking below B-1 will give us B-2 and potential continuation of weekly down trend.
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