Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Daily uptrend was broken but you cannot beat b.s. spreading from Europe again. The resistance at B-0 was destroyed right off the beginning of the week. After ...READ MORELawrence's Comment Recap Strong support at Y-1 sent this back up to Y-0. 2nd attempt to push this down to Y-1 met with stronger buying still. Y-0 cleared and Y+1 tagged. Closed ...READ MORELawrence's Comment Recap Sell setup never materialize. Just drift up to Y+2 which led to a sharp drop back down to Y+1 support. Closed the week below midpoint and near Y+1. Outlook 2nd leg ...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 MOREHot n Cold (AUDUSD) 2013-5-33DP Odds Table (AUDUSD) 2021-08-31Dow 30 Oct 08 to Oct 12 OutlookUSDCAD Nov 09 to Nov 13 OutlookGBPUSD Oct 29 to Nov 02 OutlookAUDUSD Sep 16 to Sep 20 OutlookPrecog Vision – Forex 2020-4-23Nasdaq 100 Apr 13 to Apr 17 OutlookUSDJPY Jan 24 to Jan 28 Outlook3DP Odds Table (AUDUSD) 2020-07-03
As Featured In
AUDUSD May 28 to Jun 01 Outlook
Lawrence’s Comment
Exactly as expected – failed to clear Y-0 and flushed to Y-2. Closed the week below Y-1.
Outlook
Still trapped inside the down channel. Second half of the week going sideway in the lower half of past week points to further weaknesses.
The problem is that how far can Aussie keep dropping like this.
I am looking forward for the sign that Aussie can w. spring soon. Flush below B-1 to near B-2 and immediately bounce back above B-1 is one such scenario. If we get one, Aussie can zoom back up to Y-0 / B+1 easily.
Share