Recap Keep drifting higher most of the week. Due to holiday week, 50% previous week range around Y+1 bounded the price actions. Closed the week near week low and below Y+1.
Outlook Failure to take out Y+1 / B-0 early next week means a push towards Y-0 is in play. As long as Y-0 can hold this up, looking for this rally to continue.
Lawrence's Comment
Recap
NQ wild swings between previous week close and Y+1. Broke out upside but failed to stay above. That opened the door back down to Y-0. NQ finally catch up ...
Lawrence's Comment
Recap
Gap up and traded above Y+1 has turned into a false breakout. That set the stage for a selloff to Y-1. Yet right before Y-1 was tagged, ...
Lawrence's Comment
Recap
Went lower as expected. Violent challenge of Y-1 from below failed and gave as 1.27 by end of the week. Closed the week below Y-2 and near ...
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
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 Jul 09 to Jul 13 Outlook
Lawrence’s Comment
Keep drifting higher most of the week. Due to holiday week, 50% previous week range around Y+1 bounded the price actions. Closed the week near week low and below Y+1.
Outlook
Failure to take out Y+1 / B-0 early next week means a push towards Y-0 is in play. As long as Y-0 can hold this up, looking for this rally to continue.
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