Recap FBO scenario played out. Easy drop to target by the end of the week. Closed the week below Y-1 and near week low.
Outlook Daily up trend ended with FBO on weekly high is very bearish. This also signal a problem with gold. Consolidation after a move like this is likely with more downside expected.
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Lawrence's Comment
Recap
The other easy play for the week. Failed to push above Y-0 and dropped straight down to Y-2 target mentioned last week. Consolidated around Y-2 and gave us a ...
Lawrence's Comment
Recap
Resistance at Y+1 sent Euro back down to Y-1 with a pause at Y-0. Year end sideway actions. Closed the week near Y-1 and week low.
Outlook
Y-0 and ...
Lawrence's Comment
Recap
Tagged our downside target at Y-2 early in the week. Since then it is pure consolidation. The twist came on Friday as various global issues and economic ...
AUDUSD May 25 to May 29 Outlook
Lawrence’s Comment
FBO scenario played out. Easy drop to target by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Daily up trend ended with FBO on weekly high is very bearish. This also signal a problem with gold. Consolidation after a move like this is likely with more downside expected.
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