Trading Edges That Last
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Lawrence's Comment Recap Failure to tag Y+1 early in the week sent the pair back down to Y-1. As Y-1 did not contain the drop, further weaknesses was expected from ...READ MORELawrence's Comment Recap The pullback I was looking for happened. Dropped all the way to B-1 as well. The news shock from Euro zone on Friday (Yes, Friday again!) forced ...READ MORELawrence's Comment Recap The bearish expectation played out last week. Dow could not clear Y+1 leading to a drop back down to the pre FOMC announcement level. Y-1 support led to a ...READ MORELawrence's Comment Recap Consolidation with tight range around Y-1. Closed the weekbelow Y-1 and near week low. Outlook Waterfall effect points to potential drop down to Y-2 and Y-3 before support is ...READ MORELawrence's Comment Recap ES made it to the open gap fill above early in the week as expected. Since then consolidation for the Fed minute release on Wed. From there Y-0 was ...READ MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MOREHot n Cold (AUDUSD) 2011-5-6AUDUSD Mar 14 to Mar 18 OutlookS&P 500 Aug 27 to Aug 31 OutlookDow 30 Jun 30 to Jul 04 Outlook3DP Odds Table (AUDUSD) 2015-05-14AUDUSD May 16 to May 20 OutlookS&P 500 Aug 24 to Aug 28 OutlookPrecog Vision – Forex 2021-7-20Hot n Cold (AUDUSD) 2012-1-4Precog Vision – Forex 2017-7-18
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AUDUSD Jun 23 to Jun 27 Outlook
Lawrence’s Comment
Pullback to Y-1 as expected. Found support and zoomed back up until 100% absolute range expansion. Closed the week near Y-0 and midpoint.
Outlook
Normal pullback in progress. Holding Y-0 / B-0 for a retest of Y+1 is possible but not necessary.
Consolidation in summer often takes more than a week to complete. Expect more sideway actions this week.
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