Recap Retest of Y-1 and support below as expected. Struggled a bit down there but managed to print week high later in the week. Closed the week near Y-0 and above midpoint.
Outlook Bottom formation is not confirmed yet as the week failed to close strongly above Y-0. Until B+1 turning into support we do not have a confirmed low and more likely to break B-1 again.
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
The above Y-2 bottoming scenario unfolded. Double bottom with a run to Y+1 by end of the week. Closed the week above Y-0 and at week high.
Outlook
B-0 ...
Lawrence's Comment
Recap
A wash week as I told my premium members with last 2 days of the year likely bearish wiping out the gains. Closed the week above Y-0 and near ...
AUDUSD Jul 21 to Jul 25 Outlook
Lawrence’s Comment
Retest of Y-1 and support below as expected. Struggled a bit down there but managed to print week high later in the week. Closed the week near Y-0 and above midpoint.
Outlook
Bottom formation is not confirmed yet as the week failed to close strongly above Y-0. Until B+1 turning into support we do not have a confirmed low and more likely to break B-1 again.
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