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Recap Y-1 to Y-0 acted as resistance. Sold off to target Y-2. Outlook A flush low at B-2 early in the week points to consolidation for the rest of the week. If ...READ MOREForex majors has a very consistent characteristics across them all. Namely, the likelihood of tagging the midpoint of a week in the week right after. The overall statistics across all ...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 MORELawrence's Comment Recap No major selloff. Just consolidation around Y-1 with spikes to Y-0 that failed to go higher. Closed the week below Y-1. Outlook Still within the context of a pullback. ...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 MORE3DP Odds Table (AUDUSD) 2021-05-27Intraday Cycle Projection (AUDUSD) 2017-09-26GBPUSD May 16 to May 20 OutlookForex Weekly Bias: Range Expansion vs. Midpoint ProbabilityPrecog Vision – Forex 2019-6-24AUDUSD Aug 27 to Aug 31 OutlookWeekly Cycle Projection (AUDUSD) 2020-04-063DP Odds Table (AUDUSD) 2018-09-25Dow 30 Jan 16 to Jan 20 OutlookPrecog Vision – Forex 2012-5-10
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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.
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