Recap Move higher as mentioned last week. 100% absolute range expansion reached. Closed the week near the high of the week. Picture perfect STOPD swing.
Outlook Congestion or pullback expected. B+1 to Y+3 should put a cap to the run for now. Y+1 is now support.
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Lawrence's Comment
Recap
Y-1 test led to up drift for Y-0 all week. Closed the week near Y-0 and week high.
Outlook
Rising wedge breakdown points to test of B-1 / Y-1. ...
Lawrence's Comment
Recap
Violent reactions to hold onto the uptrend after breach of Y-1 has failed as the resistance zone above was rejected decisively. That opened the door to Y-1 again and ...
Lawrence's Comment
Recap
The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the ...
AUDUSD Jan 30 to Feb 03 Outlook
Lawrence’s Comment
Move higher as mentioned last week. 100% absolute range expansion reached. Closed the week near the high of the week. Picture perfect STOPD swing.
Outlook
Congestion or pullback expected. B+1 to Y+3 should put a cap to the run for now. Y+1 is now support.
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