Recap Y-1 failed to act as resistance giving us FBO against Y-1 and opened the door to Y+1. Y+1 cleared and Y+3 reversal breakout target tagged. Closed the week above Y+1 near week high.
Outlook Overall weakening of USD across the board was the theme of last week. The run points to potential test of 0.75 round number above. Failing to hold above B+1 points to a steep fall back down to B-0 / Y+1.
Lawrence's Comment
Recap
Consolidation with low volume all week. Trapped within previous week range. Closed the week near Y-0 and midpoint.
Outlook
Consolidation / compression until first week of next year is ...
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
Everything said last week happened. Downside bias used up by Monday. Higher than usual volatility sending ES all the way back to all time high. Closed the week near ...
AUDUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Y-1 failed to act as resistance giving us FBO against Y-1 and opened the door to Y+1. Y+1 cleared and Y+3 reversal breakout target tagged. Closed the week above Y+1 near week high.
Outlook
Overall weakening of USD across the board was the theme of last week. The run points to potential test of 0.75 round number above. Failing to hold above B+1 points to a steep fall back down to B-0 / Y+1.
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