Trading Edges That Last
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Lawrence's Comment Recap A dramatic week. Failed to push above Y-0 and flushed through Y-1 quickly. Y-2 acted as support temporarily and then flushed down to new low above Y-3. ...READ MORELawrence's Comment Recap Y-0 never turned into resistance. Euro gapped below that but traded back up above it immediately. Breakout above Y+1 and tagged Y+2. Not quite made it to Y+3 and ...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 MOREPrecog Vision – Forex 2012-3-2Precog Vision – Forex 2016-9-30AUDUSD May 18 to May 22 OutlookPrecog Vision – Forex 2020-7-30S&P 500 Jul 16 to Jul 20 OutlookDow 30 Jul 13 to Jul 17 Outlook3DP Odds Table (AUDUSD) 2012-03-28EURUSD Oct 07 to Oct 11 OutlookIntraday Cycle Projection (AUDUSD) 2011-10-13Precog Vision – Forex 2011-7-1
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AUDUSD Nov 21 to Nov 25 Outlook
Lawrence’s Comment
Pulled back to resistance area and sold off again to restest Y-1. Then failed to push above the midpoint of the week at that time and resulted in new low below Y-1. Closed the week below Y-1.
Outlook
External factors are affecting Aussie due to its metal currency status. The selloff in past week is a tight down channel that will be broken.
Any breakout above Y-1 will send Aussie back up to Y+1 quickly.
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