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 Resistance zone mentioned last week sent cable to new low against Y-1. 3 Pushes Down enabled cable to stage a come back to Y-0 crime scene. Stop hunt since ...READ MORELawrence's Comment Recap A steep selloff to start the week as expected. Rallied since after the open gap below was filled. Y+2 was tagged. Closed the week above Y+1 and midpoint. ...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 MOREGBPUSD Apr 17 to Apr 21 OutlookPrecog Vision – Forex 2021-6-23Intraday Cycle Projection (AUDUSD) 2017-02-09GBPUSD Nov 02 to Nov 06 OutlookS&P 500 Feb 29 to Mar 04 OutlookIntraday Cycle Projection (AUDUSD) 2012-03-19Intraday Cycle Projection (AUDUSD) 2018-04-27Dow 30 Feb 06 to Feb 10 OutlookPrecog Vision – Forex 2016-11-103DP Odds Table (AUDUSD) 2015-04-24
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AUDUSD Nov 25 to Nov 29 Outlook
Lawrence’s Comment
A forced rally early in the week due to the bull trap from gold tagged Y+2 but it did not last. The dirty bottom at Y-1 was retested as expected and blasted through. Aussie flushed down to Y-3. Closed the week near Y-3 and week low.
Outlook
Just like gold itself, Aussie just cannot build a bottom in the middle of nowehre. More downside is expected.
Until Aussie can stage a bottom setup at B-1, not looking for long.
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