Trading Edges That Last
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Lawrence's Comment Recap Went higher and tagged 1.07 round number and stalled. Consolidation since. Closed the week near Y+1 and below midpoint. Outlook Similar to Aussie, affected by gold's multiple attempts to find a ...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 MOREEURUSD Nov 11 to Nov 15 OutlookPrecog Vision – Forex 2021-7-19Precog Vision – Forex 2023-2-28Hot n Cold (AUDUSD) 2015-12-18USDCAD Dec 09 to Dec 13 OutlookNasdaq 100 Jun 03 to Jun 07 OutlookNasdaq 100 Oct 10 to Oct 14 OutlookWeekly Cycle Projection (AUDUSD) 2022-05-02Hot n Cold (AUDUSD) 2012-10-15Precog Vision – Forex 2014-4-23
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AUDUSD May 09 to May 13 Outlook
Lawrence’s Comment
The less likely scenario happened. Free ride from Y-0 to Y-2. Closed the week above Y-1.
Outlook
The reaction at B-0 points to a retest of B-1. Congestion within B-0 to B-1 is expected until either one is taken out.
The likely breakout direction is down and Y-3 to B-2 is in play in later part of the week.
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