Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Whole week was consolidation within Y-1 to Y-0. Closed the week right below Y-0. Outlook As stated previously, further weaknesses is expected. The past week formed a bear flag (or ...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 MOREIntraday Cycle Projection (AUDUSD) 2018-07-103DP Odds Table (AUDUSD) 2016-11-10AUDUSD May 23 to May 27 OutlookWeekly Cycle Projection (AUDUSD) 2017-08-28Precog Vision – Forex 2021-7-7USDCAD Aug 01 to Aug 05 OutlookIntraday Cycle Projection (AUDUSD) 2021-03-23Intraday Cycle Projection (AUDUSD) 2020-12-17Intraday Cycle Projection (AUDUSD) 2011-05-193DP Odds Table (AUDUSD) 2022-06-03
As Featured In
AUDUSD May 13 to May 17 Outlook
Lawrence’s Comment
This pair caught me by surprise with a breakout to the downside. When Y-1 rejected the bounce we got a go for Y-3. Flushed all the way down to Y-4 before Aussie found support. Closed the week above Y-4 and below midpoint.
Outlook
Australia is now infected by the currency war hence it will move like them from now on. Without support from gold, Aussie will probably stuck at the bottom of the range around Y-4 this week. If Gold can rally back up early this week, looking for Aussie to bounce back up to B-0.
Share