Trading Edges That Last
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Lawrence's Comment Recap More downside, 50% week range in consolidation style. Closed the week below Y-1 and midpoint. Outlook Unusual moves from ECB to ensure euro drops more. Remember the original acceptable range as ...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 MORELawrence's Comment Recap Sold off to the target area and then bounced back to Y-1 first and eventually Y-0. Closed the week at Y-1 near midpoint. Outlook Weak rally and stalled at Y-0 ...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 MORE3DP Odds Table (AUDUSD) 2018-12-05Precog Vision – Forex 2016-10-27Precog Vision – Forex 2019-9-103DP Odds Table (AUDUSD) 2018-03-06EURUSD May 19 to May 23 Outlook3DP Odds Table (AUDUSD) 2011-12-15Precog Vision – Forex 2021-3-8EURUSD Oct 10 to Oct 14 OutlookPrecog Vision – Forex 2019-6-24Intraday Cycle Projection (AUDUSD) 2018-07-20
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AUDUSD Mar 05 to Mar 09 Outlook
Lawrence’s Comment
Indecision carried over to this week – attempt to breakout of the range to the upside failed badly and dropped back to Y-0 before a bounce to Y+1. Failed to take out Y+1 again and closed the week at midpoint.
Outlook
Congestion as expected giving us 3rd week in a row to close at midpoint. That means we should switch to breakout mode on Aussie if you like riding a swing as oppose to daytrading this pair.
A clean break out of this 4 week range (i.e. 50% expansion in one way) will define the trend for the coming weeks.
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