Trading Edges That Last
- You May Also LikeThis time it is South Korea's Bank of Korea who cuts its interest rate. As mentioned last time, once Japan started QE, it would reverse the effects of US ...READ MORE
Lawrence's Comment Recap As stated last week, there would be limited potential to stretch further as that has proven correct. Closed the week near Y-0. Outlook Last week was not weak enough to ...READ MORELawrence's Comment Recap Dropped lower as expected. Cable tried to bounce from Y-2 but failed to clear Y-1. That opened the door to Y-3 and below. By end of the week Cable ...READ MORELawrence's Comment Recap Tried to hold above Y+1 but failed. Pullback to support zone and failed to clear Y+1 since led to another drop to Y-0 and below. Closed the week near ...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 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) 2017-04-28Currency War Continues With South Korea This RoundDow 30 Feb 13 to Feb 17 OutlookGBPUSD Oct 06 to Oct 10 OutlookS&P 500 Jul 25 to Jul 29 OutlookUSDCAD Aug 01 to Aug 05 OutlookPrecog Vision – Forex 2022-10-7AUDUSD Aug 12 to Aug 16 OutlookIntraday Cycle Projection (AUDUSD) 2012-09-17Precog Vision – Forex 2015-8-17
As Featured In
AUDUSD Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Spike low against Y-1 above Y-2 sent Aussie back up to Y-0 as expected. Going sideway since. Closed the week near Y-0 and above midpoint.
Outlook
Gold test of year low in progress and the outcome can dictate the next move in Aussie. If gold going for all out break down from the current level, Aussie will be the collateral damage with channel top resistance at B+1 and dropping down to B-2 target.
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