Recap Wedge broken to the upside, retest the wedge resistance trend line from above. Strong bounce up to first swing resistance and stalled. Closed the week below Y-1 and near week low.
Outlook First attempt to break the daily down trend failed. If Aussie finds support around B-1 and break above B-0 decisively, B+2 is likely.
Lawrence's Comment
Recap
Tagged Y+2 as expected. Better yet, made a 1-2-3 sell off that zone implying Y+1 and Y-0 was in play and both were tagged quickly thus opening the ...
Lawrence's Comment
Recap
NQ weaknesses let to quick break of Y-0. Since then NQ cannot clear 4700 and dropped to Y-1. When trouble in Asia spread to US, NQ break down to ...
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
Lawrence's Comment
Recap
Test of Y-1 as expected. Y-1 support all week. Closed the week near Y-1 and below midpoint.
Outlook
2nd consolidation week with weak close is bearish. Until B-0 turning ...
AUDUSD Oct 06 to Oct 10 Outlook
Lawrence’s Comment
Wedge broken to the upside, retest the wedge resistance trend line from above. Strong bounce up to first swing resistance and stalled. Closed the week below Y-1 and near week low.
Outlook
First attempt to break the daily down trend failed. If Aussie finds support around B-1 and break above B-0 decisively, B+2 is likely.
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