Recap Aussie struggled above Y-1 initially. Found strength from gold pop leading to a run back to crime scene. Did not even get to Y-0 and stalled. Retest of Y-1 confirmed the weaknesses and slided down more. Closed the week below Y-1 and midpoint.
Outlook Gold is not as bullish as it seems and it shows in Aussie. Aussie downside target of Y-2 was not tagged. More downside expected. Will not consider long until after B-0 acting as support.
Lawrence's Comment
Recap
A pullback was expected and ninja dropped to Y-0 and below support area. Then its inability to clear Y-0 triggered a go for Y-1. Y-1 tagged and failed to ...
Recap of last week Previous week low tagged first as expected. Then previous month close acted as resistance, and run down to the target of previous month low - ...
Lawrence's Comment
Recap
Mentioned last week ES would be influenced by NQ and it happened. ES was weak and failed to hold Y-0 yet strength in NQ carried ES higher and forced ...
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
As expected, cable moved back down to Y-1 first. Sadly, the bounce off Y-1 failed to push cable above the week high and led to one more flush back ...
AUDUSD Jan 27 to Jan 31 Outlook
Lawrence’s Comment
Aussie struggled above Y-1 initially. Found strength from gold pop leading to a run back to crime scene. Did not even get to Y-0 and stalled. Retest of Y-1 confirmed the weaknesses and slided down more. Closed the week below Y-1 and midpoint.
Outlook
Gold is not as bullish as it seems and it shows in Aussie. Aussie downside target of Y-2 was not tagged. More downside expected. Will not consider long until after B-0 acting as support.
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