Recap Y+1 rejected which gave us Y-0 and below. Gold not going up quickly contributed to the move. Closed the week below Y-0 and midpoint.
Outlook A pullback from multiple weeks up leg is normal. The slow drift downward is sign of strength. A break of previous week resistance line will give us a go for Y+1 / B+1.
The wildcard is that if gold collapses from the current level, we can lean on a break of Y-1 down to B-3.
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
Breakdown play target reached in the beginning of the week. Bounced off there to test Y-1 from below as expected. Failing to re-enter previous week range gave us a ...
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
Flushed to Y-2 as expected. News shock sending it back to Y-0. Closed the week below Y-0 and above Y-1.
Outlook
News shock again and again abrupted the longer term ...
Lawrence's Comment
Recap
Sold off from resistance zone mentioned last week. Dropped to Y-3 breakout target as volatility increases. Closed below Y-3 and at week low.
Outlook
Warned last week wild swings are expected ...
AUDUSD Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Y+1 rejected which gave us Y-0 and below. Gold not going up quickly contributed to the move. Closed the week below Y-0 and midpoint.
Outlook
A pullback from multiple weeks up leg is normal. The slow drift downward is sign of strength. A break of previous week resistance line will give us a go for Y+1 / B+1.
The wildcard is that if gold collapses from the current level, we can lean on a break of Y-1 down to B-3.
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