Recap Flushed to Y-2 as expected. News shock sending it back to Y-0. Closed the week below Y-0 and above Y-1.
Outlook News shock again and again abrupted the longer term trend development making it difficult to project price swings beyond the closest levels.
Breaking below B-0 we will likely retest B-1.
Breaking above B+1 originally confirms the potential of breaking the down trend but if it is just a result from the news shock again, that may not last for more than a day.
Lawrence's Comment
Recap
Euro consolidated around Y-1 and then flushed lower. Y-2 target tagged and bounced back up to week mid and failed to push higher. Closed the week below Y-1 and ...
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 Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Flushed to Y-2 as expected. News shock sending it back to Y-0. Closed the week below Y-0 and above Y-1.
Outlook
News shock again and again abrupted the longer term trend development making it difficult to project price swings beyond the closest levels.
Breaking below B-0 we will likely retest B-1.
Breaking above B+1 originally confirms the potential of breaking the down trend but if it is just a result from the news shock again, that may not last for more than a day.
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