Recap Lower open did not breach the breakout boundary. Yet first try to go higher stalled below Y+1. Successfully defended defended week low leading to upside breakout to Y+2. Closed the week above Y-0 and midpoint.
Outlook Outside week and breached the breakout boundary yet failed to close above Y+1. Typical low volume envrironment with false breakout everywhere. Need Aussie to find support at Y-0 and start going higher to confirm the upside breakout. Upside target B+2.
Lawrence's Comment
Recap
More upside as expected with first 40 points pullback in place too. The distribution signs mentioned last week played out well as Google earning disappointment is obviously something expected. ...
Lawrence's Comment
Recap
Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at ...
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
Insanity continues as ES opened the week with a significant upside gap and then sold off straight down for 1 and 1/2 days with over 40 points range. Then ...
Lawrence's Comment
Recap
Blow-off action on Monday led to the expected pullback of 30 points. Closed the week below Y-0 and midpoint.
Outlook
Potential blow-off top on weekly. Y-0 / B-0 strong resistance. 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
AUDUSD Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Lower open did not breach the breakout boundary. Yet first try to go higher stalled below Y+1. Successfully defended defended week low leading to upside breakout to Y+2. Closed the week above Y-0 and midpoint.
Outlook
Outside week and breached the breakout boundary yet failed to close above Y+1. Typical low volume envrironment with false breakout everywhere. Need Aussie to find support at Y-0 and start going higher to confirm the upside breakout. Upside target B+2.
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