Recap 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.
Lawrence's Comment
Recap
NQ dropped in sync with Dow and S&P.
Outlook
See comments on Dow.
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into ...
Lawrence's Comment
Recap
Uptrend intact in beginning of the week gave us the Y+2 target. Then violent takedown breached Y-0 key up channel support. Waterfall effect brought cable straight down to Y-3 ...
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
Failed to break above previous week close right from the start led to a flush to Y-2 before a bounce can happen. The bounce failed to go ...
Lawrence's Comment
Recap
Euro bounced off Y-1 back to Y-0 / 1.10 long term support which is now strong resistance. Closed the week below Y-0 and above midpoint.
Outlook
Euro daily level ...
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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