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.
Lawrence's Comment
Recap
Dropped to B-2 with 1.31 not acting as support at all. This gives way to 1.30 round number and below. Closed the week below Y-2 and near week low.
...
Lawrence's Comment
Recap
Y-1 held up once in the beginning of the week but failed on second try and flushed down to Y-3. Spike reversal from there gave us upside target of ...
Lawrence's Comment
Recap
Continued with the march to above 82. Y+2 tagged with mild pullback. Closed the week below Y+2 and above midpoint.
Outlook
Next upside target is 86. Ninja is at a ...
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.
Share