Trading Edges That Last
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I have created a Canadian Dollar trading model that takes advantage of Loonie's unique statistical behaviour. The article is now available at TraderPlanet.com. You can read the full article on the ...READ MOREFor 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 scheduleREAD MORERecap Y-1 to Y-0 acted as resistance. Sold off to target Y-2. Outlook A flush low at B-2 early in the week points to consolidation for the rest of the week. If ...READ MORELawrence's Comment Recap Euro went lower as expected. Strong reaction several times to stop the drop yet not able to change the course. Closed the week below Y-1 and midpoint. Outlook Critical week with ...READ MOREPrecog Vision – Forex 2022-12-29Intraday Cycle Projection (AUDUSD) 2021-08-12Forex Swing Bias: Loonie Counter-Trend Pinball (At TraderPlanet)3DP Odds Table (AUDUSD) 2011-10-28Precog Vision – Forex 2018-12-25GBPUSD May 16 to May 20 OutlookEURUSD Apr 07 to Apr 11 Outlook3DP Odds Table (AUDUSD) 2023-03-133DP Odds Table (AUDUSD) 2019-10-07Hot n Cold (AUDUSD) 2023-5-1
As Featured In
AUDUSD Jan 05 to Jan 09 Outlook
Lawrence’s Comment
Aussie took off from the falling wedge visible on 4 hour and daily. Tagged the wedge target and stalled. Y+1 failed to provide support so FBO kicked in with free fall back down to Y-1. Closed the week below Y-1 and at week low.
Outlook
Aussie is still mainly tied to the movement in gold. As my premium members already know, the gold rally was seasonal and that it ended at the last week of December. Hence, no cigar for gold bugs.
Aussie needs to clear B-0 without dropping to B-2 to produce a decent bottom for the short term. Otherwise, down trend intact.
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