Trading Edges That Last
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Lawrence's Comment Recap Bull flag pullback follow with test of Y+1. Strong reaction against Y+1 yet holding the bull flag resistance / channel top. Closed the week near Y+1 and above midpoint. ...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 MOREPrecog Vision – Forex 2016-4-53DP Odds Table (AUDUSD) 2013-11-213DP Odds Table (AUDUSD) 2019-03-27GBPUSD Nov 29 to Dec 03 OutlookPrecog Vision – Forex 2018-4-2USDCAD Nov 16 to Nov 20 OutlookIntraday Cycle Projection (AUDUSD) 2021-12-03Precog Vision – Forex 2022-5-24USDCAD Sep 07 to Sep 11 OutlookIntraday Cycle Projection (AUDUSD) 2016-10-06
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AUDUSD Mar 10 to Mar 14 Outlook
Lawrence’s Comment
Aussie was the easy play last week. As Y-0 was breached, the down channel was broken giving us upside target of Y+1 and above. Aussie zoomed back up to Y+2. Closed the week above Y+1 and midpoint.
Outlook
Gold pushed further up giving Aussie the push necessary to break its downtrend. From here though Aussie needs to absorb the run up. Consolidation around Y+1 with 50% range is expected.
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