Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Tagged resistance zone as expected, but no breakout above that. Instead, ninja fell back down to Y-0 eventually. Most part of the week was spend holding right below Y+1 ...READ MORELawrence's Comment Recap Consolidated around previous week close. 50% of previous week range. Closed the week near previous week close, Y+1 and midpoint. Outlook Due to the fact that cable failed to close above ...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 MOREPrecog Vision – Forex 2022-8-10USDJPY Apr 29 to May 03 OutlookGBPUSD Apr 15 to Apr 19 OutlookIntraday Cycle Projection (AUDUSD) 2013-12-18GBPUSD Feb 05 to Feb 09 OutlookPrecog Vision – Forex 2011-3-16S&P 500 Nov 30 to Dec 04 Outlook3DP Odds Table (AUDUSD) 2013-02-25Dow 30 Mar 18 to Mar 22 OutlookWeekly Cycle Projection (AUDUSD) 2018-12-03
As Featured In
AUDUSD May 26 to May 30 Outlook
Lawrence’s Comment
Easy play of the week. Y-0 resistance sent Aussie back down to Y-2 as expected. The nice surprise was the cut through with no reaction there at all. 200% absolute range expansion stopped the drop. Closed the week below Y-3 and midpoint.
Outlook
Y-2 / B-0 resistance above. Momentum too strong for any significant bounce to happen. Thus more downside likely before a chance of a stronger bounce.
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