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 A sell off out of nowhere thanks to jawboning by Fed officials. Y-1 breached but NQ recovered with a revenge rally back to challenge Y+1. That opened the door ...READ MORELawrence's Comment Recap Popped back up to Y+1 as expected. Closed above Y-0 and near midpoint. Outlook Long term bottom in place so this is part of the long term process of building ...READ MORE3DP Odds Table (AUDUSD) 2021-12-24Intraday Cycle Projection (AUDUSD) 2015-12-25Nasdaq 100 Dec 26 to Dec 30 OutlookPrecog Vision – Forex 2018-3-13DP Odds Table (AUDUSD) 2015-06-18Intraday Cycle Projection (AUDUSD) 2011-11-21USDJPY Apr 04 to Apr 08 OutlookNasdaq 100 Jan 20 to Jan 24 OutlookUSDJPY Dec 19 to Dec 23 Outlook3DP Odds Table (AUDUSD) 2013-10-22
As Featured In
AUDUSD Nov 11 to Nov 15 Outlook
Lawrence’s Comment
Aussie did not produce a buy setup early in the week. It just drifted higher to retest Y-0. The bear flag setup was good for a retest of Y-1 and we got that plus a lot more. Downside target reached by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Aussie should extend further to the downside early in the week with clear resistance above at Y-1 / B-0.
It is the time of the year where many markets will start to go directional for a week or two and Aussie is one of them. If Aussie picks up speed to the downside, counter-trend trade will be bad idea.
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