Recap 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.
For 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 schedule
Lawrence's Comment
Recap
Instead of selling right off the start of the week, the 3 stock market indices chose to form a bigger top and sold off hard the rest of ...
Lawrence's Comment
Recap
Lower timeframe bearishness took Ninja down from FBO at Y-0 down to 100% absolute range expansion. Closed the week below Y-1 and midpoint.
Outlook
Now lower and higher timeframes are aligned. ...
Lawrence's Comment
Recap
Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint.
Outlook
1.08 ...
Lawrence's Comment
Recap
The bullish reversal scenario happened. Cleared Y+1 quickly but failed to close above. Closed the week above Y-0 and midpoint.
Outlook
In order to continue matching higher, ES must ...
For 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 schedule
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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