Trading Edges That Last
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Lawrence's Comment Recap Consolidation around Y-1. In waiting mode for ECB's actions this coming week. Closed the week above Y-1 and midpoint. Outlook All week bear flag near Y-1 is bearish. Consolidation ...READ MORELawrence's Comment Recap FBO against Y-1 / weekly consolidation support sent Euro straight back up to Y+1 and above. Closed the week above Y+1 and near week high. Outlook Y+1 / B-0 ...READ MOREHot n Cold (AUDUSD) 2023-5-1Intraday Cycle Projection (AUDUSD) 2013-05-06USDCAD Jul 19 to Jul 23 OutlookUSDJPY Apr 04 to Apr 08 OutlookUSDCAD Oct 28 to Nov 01 OutlookPrecog Vision – Forex 2021-8-12Intraday Cycle Projection (AUDUSD) 2012-04-26EURUSD Sep 15 to Sep 19 OutlookGBPUSD Jun 29 to Jul 03 OutlookEURUSD May 02 to May 06 Outlook
As Featured In
AUDUSD Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Did not stop at the Y-0 resistance. Instead, formed a double top to break back down before Y-0. That ensured Y-1 to be retested. At 100% absolute range expansion, the low is formed. Closed the week near Y-0.
Outlook
1.07 and 1.05 are both rejected. No clear direction for aussie until after either side is taken out.
Consolidation between Y-0 and Y-1 likely.
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