Trading Edges That Last
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Lawrence's Comment Recap Aussie flushed to almost Y-2 before snapping back up to above Y-0 and then consolidated for the rest of the week. Closed the week above Y-1 and midpoint. Outlook Gold did ...READ MORELawrence's Comment Recap NQ Y+1 did not act as resistance, and rallied 50% of previous week range and paused. After the Fed + JPM shock, NQ is propelled to Y+3 ...READ MOREIntraday Cycle Projection (AUDUSD) 2014-03-193DP Odds Table (AUDUSD) 2018-11-06Precog Vision – Forex 2017-10-25AUDUSD Mar 11 to Mar 15 OutlookWeekly Cycle Projection (AUDUSD) 2023-04-243DP Odds Table (AUDUSD) 2015-09-03EURUSD Dec 05 to Dec 09 OutlookNasdaq 100 Mar 19 to Mar 23 Outlook3DP Odds Table (AUDUSD) 2012-10-233DP Odds Table (AUDUSD) 2022-09-01
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AUDUSD Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Failure to tag Y+1 early in the week sent the pair back down to Y-1. As Y-1 did not contain the drop, further weaknesses was expected from Y-0 and in one move completed both the 1st downside target of Y-2 and Y-3. At slightly higher than Y-3, which was the previous support level, the pair bounced back to close at, Y-0.
Outlook
Event driven move in the last half day of past week showed that Y-0 is a strong attractor. If B-0 acts as support, B+1 should be visited soon. If the developing situation in Asia stabalize, then next week should be range bounded within B-0 to B+1.
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