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
Upside triangle mentioned last week broken down to the downside and never recovered above the resistance line. Collapsed 120+ points to Y-4 and closed the week at ...
Lawrence's Comment
Recap
Consolidated around B+1 as expected. The breakout to the upside points to 100% range expansion. Closed the week at the high and not enough time to get ...
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 28 to Aug 01 Outlook
Lawrence’s Comment
Bottoming formation gave us a run from Y-0 to Y+2, yet Y+1 failed to act as support. Closed the week below Y+1 and midpoint.
Outlook
Y+1 failing to hold means the bottom from last week was not strong enough. A retest of B-1 is likely.
Share