Trading Edges That Last
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Lawrence's Comment Recap Euro blasted through 1.14 level and triggered a squeeze. 1.17 monthly resistance was tagged and rejected. Euro then fall straight back down to Y+1. Y+2 resistance gave us a ...READ MORELawrence's Comment Recap Beautiful spike reversal with follow thru. Cannot stop dropping until after 200% range expansion / Y-5. Closed the week near Y-5 and week low. Outlook ECB's actions are intentional ...READ MORELawrence's Comment Recap Gapped below 1.32 and never made it back above. End of week dumping led to normal target Y-2. Closed the week near Y-2 and week low. Outlook More down ...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 MOREPrecog Vision – Forex 2020-6-8Hot n Cold (AUDUSD) 2011-4-20EURUSD Aug 31 to Sep 04 OutlookEURUSD Oct 26 to Oct 30 OutlookEURUSD Jul 11 to Jul 15 OutlookUSDCAD May 30 to Jun 03 Outlook3DP Odds Table (AUDUSD) 2016-11-08EURUSD Sep 01 to Sep 05 Outlook3DP Odds Table (AUDUSD) 2011-06-29Precog Vision – Forex 2021-8-17
As Featured 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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