Trading Edges That Last
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Lawrence's Comment Recap Tried very hard to form a low above the support zone mentioned last week yet failed to do so. Landing at the target zone finally resulted in extreme ...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 News shock interrupted the parabolic up swing in ES. The strength in the index, however, forced another rally from Y-1 back up to above Y-0 before it stalled. ...READ MOREPrecog Vision – Forex 2016-1-1GBPUSD heading towards weekly green zoneWeekly Cycle Projection (AUDUSD) 2012-10-15USDJPY Jul 16 to Jul 20 OutlookIntraday Cycle Projection (AUDUSD) 2015-09-103DP Odds Table (AUDUSD) 2017-11-06Precog Vision – Forex 2012-4-203DP Odds Table (AUDUSD) 2018-09-18Nasdaq 100 Aug 15 to Aug 19 OutlookS&P 500 Nov 07 to Nov 11 Outlook
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AUDUSD May 05 to May 09 Outlook
Lawrence’s Comment
Y-0 resistance gave us a drop below Y-1. Down channel bottom acted as support again allowing Aussie drift back up. 2nd test of Y-0 resistance did not clear it either. US NFP report sent Aussie down to my downside flush target and bounced. Closed the week above Y-1 and midpoint.
Outlook
As mentioned last week Aussie has one more flush in it and it found an excuse to finish the job. With a strong rejection below in place, Y-1 acting as support is likely with not only a retest of Y+1 / B+1 but also a run to B+2 has a good chance.
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