Trading Edges That Last
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Lawrence's Comment Recap Consolidated around previous week close. 50% of previous week range. Closed the week near previous week close, Y+1 and midpoint. Outlook Due to the fact that cable failed to close above ...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 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 MORELawrence's Comment Recap Y-1 support in the beginning of the week led to an up drift near Y-0. 1-2-3 sell breaking the bear flag sent Aussie straight down to clear Y-1. Range ...READ MOREGBPUSD Apr 15 to Apr 19 OutlookUSDCAD Dec 28 to Jan 01 OutlookPrecog Vision – Forex 2022-6-6Precog Vision – Forex 2021-9-13Precog Vision – Forex 2019-10-7Precog Vision – Forex 2020-7-10AUDUSD Mar 21 to Mar 25 OutlookAUDUSD Apr 19 to Apr 23 OutlookAUDUSD Feb 12 to Feb 16 OutlookAUDUSD Feb 02 to Feb 06 Outlook
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AUDUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Stopped right at the resistance zone mentioned last week. Sold off to Y-0 with very strong reaction to the price level, implying that Y-0 is strong support and that it is not that easy to break below the level. Second try to test the level resulted in a bounce to close the week at B-0.
Outlook
As long as the pair holding up above B-1, B+2 is in play. The uptrend is now established.
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