Recap FBO against Y+1 gave us Y-0 and Y-1 targets early in the week. Directional selling until Y-1 was breached. Found support there and bounced. Closed the week below Y-0 and midpoint.
Outlook Outside week with Y-0, midpoint and close near each other points to complete stalemate. This is partly caused by gold’s price swings. It is also affected by China’s rate decision late in the week.
Until we get a range breakout out of B-1/B+1, it will be wide range 2-way play.
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
We just encountered one of the wildest week of the year. In the beginning of the week everything looks weak with Y-1 breached yet the gap down induced buying ...
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
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
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
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 24 to Nov 28 Outlook
Lawrence’s Comment
FBO against Y+1 gave us Y-0 and Y-1 targets early in the week. Directional selling until Y-1 was breached. Found support there and bounced. Closed the week below Y-0 and midpoint.
Outlook
Outside week with Y-0, midpoint and close near each other points to complete stalemate. This is partly caused by gold’s price swings. It is also affected by China’s rate decision late in the week.
Until we get a range breakout out of B-1/B+1, it will be wide range 2-way play.
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