Recap As war in Libya and natural disaster in Japan continues, the weaknesses in Aussie is completely reversed. Not even once on 4 hour chart that any kind of topping formation was seen at every resistance level and rallied to close at high of week.
Outlook B-0 is now strong support on pullback. Early next week it should be range bounded due to the V-shape reversal.
Lawrence's Comment
Recap
Consolidation at 50% previous week range as expected. Drifted back up to resistance Y-0. Closed the week at Y-0 and above midpoint.
Outlook
A complete week of bear flag is not ...
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
Consolidation actions around previous week close. Equal distance from previous week close established. Closed the week above Y-1 and midpoint.
Outlook
3 Pushes Down target Y-0. 3 Pushes Down ...
Lawrence's Comment
Recap
Aussie consolidated around Y-0. Stop run happen to both sides. Closed the week near Y-0 and midpoint.
Outlook
Although gold has been strong last week, Aussie failed to follow. It is ...
AUDUSD Mar 28 to Apr 01 Outlook
Lawrence’s Comment
As war in Libya and natural disaster in Japan continues, the weaknesses in Aussie is completely reversed. Not even once on 4 hour chart that any kind of topping formation was seen at every resistance level and rallied to close at high of week.
Outlook
B-0 is now strong support on pullback. Early next week it should be range bounded due to the V-shape reversal.
Share