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
NQ attempted to move higher from Y+1 but failed. That opened the door to Y-0. First leg down stopped at 50% week range and tried to drift back up ...
Lawrence's Comment
Recap
No real direction after a week of extreme trend buy days countering the overnight weaknesses. Consolidation / backfill actions waiting for the next news shock. Closed the week below ...
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
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
Got the pullback/ Yet not quite down to Y-0. Got the rally to new high, yet not quite up to the target Y+2. Behaved like a consolidation week in ...
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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