Trading Edges That Last
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Lawrence's Comment Recap Rallied right off the start clearing Y-0 and Y+1 in one go. That opened the door to Y+2. Got Y+2 mid week. Drifting sideway since. Closed the week below ...READ MORELawrence's Comment Recap Bounced back up to Y-0 as expected. How it was done was interesting as speculations now building up whether the new BOE will behave significantly different from the old ...READ MORELawrence's Comment Recap Y-0 acted as support as expected and Y+2 upside target tagged early in the week. Then Y+1 acting as support gave us a go for Y+3. Closed the week ...READ MORELawrence's Comment Recap As expected the consolidation led to further weaknesses and that the downside target of Y-2 was tagged. Aussie went sideway since. Closed the week near Y-2 and below midpoint. ...READ MOREUSDCAD Apr 22 to Apr 26 OutlookIntraday Cycle Projection (AUDUSD) 2015-08-07GBPUSD Feb 18 to Feb 22 OutlookGBPUSD Jul 15 to Jul 19 OutlookIntraday Cycle Projection (AUDUSD) 2015-10-053DP Odds Table (AUDUSD) 2016-06-07EURUSD Aug 09 to Aug 13 OutlookIntraday Cycle Projection (AUDUSD) 2018-10-09USDCAD May 20 to May 24 OutlookAUDUSD Dec 22 to Dec 26 Outlook
As Featured In
AUDUSD Feb 28 to Mar 04 Outlook
Lawrence’s Comment
Completely trapped within the month range, aussie just slide from the resistance to its support and bounce back to the resistance zone by close of the week.
Outlook
The interesting scenario for aussie is that if the pair turned downward and stage a selloff from B+1 and Y+1 with a 1-2-3 sell setup, B-1 will be seen again next week.
The less likely scenario is that the pair break above B+1 and that it turns into support, we will then get a quick zoom to B+3 (not shown in the chart).
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