Trading Edges That Last
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Lawrence's Comment Recap FBO from the start of the week against Y+1 gave us a flush back down to below Y-0. At 100% absolute range expansion NQ found support and zoomed back ...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 MORELawrence's Comment Recap More downside as expected. 50% range bounded the price actions. Closed the week near Y-1 and midpoint. Outlook Consolidation around Y-1 points to continuation of current trend likely. So ...READ MOREPrecog Vision – Forex 2014-7-23Precog Vision – Forex 2013-10-11Precog Vision – Forex 2013-9-203DP Odds Table (AUDUSD) 2019-02-15Nasdaq 100 Sep 23 to Sep 27 OutlookUSDCAD Jul 19 to Jul 23 OutlookEURUSD Feb 12 to Feb 16 OutlookPrecog Vision – Forex 2019-6-4EURUSD Nov 02 to Nov 06 OutlookIntraday Cycle Projection (AUDUSD) 2012-11-27
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AUDUSD May 02 to May 06 Outlook
Lawrence’s Comment
Congestion as expected in the beginning of the week. Then took off to target mentioned last wee, pause, and then finish the move by tagging Y+2. Closed at the high of the week.
Outlook
Momentum is too strong to stop at B+1. The likely price level to stall from is Y+3 to B+2 zone.
The less likely scenario is that a sharp turn from B+1 breaking B-0 means the rally is potentially over.
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