Trading Edges That Last
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Lawrence's Comment Recap 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 ...READ MORELawrence's Comment Recap Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed ...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 MORELawrence's Comment Recap Suffered same problem like Dow. No holding strength at intraday support levels at all. Did not find real support until 100% range expansion. Closed the week below Y-0 and ...READ MORENasdaq 100 Oct 26 to Oct 30 OutlookPrecog Vision – Forex 2015-5-22AUDUSD Nov 25 to Nov 29 OutlookNasdaq 100 Jul 30 to Aug 03 OutlookPrecog Vision – Forex 2019-3-29S&P 500 Jul 14 to Jul 18 OutlookIntraday Cycle Projection (AUDUSD) 2017-08-213DP Odds Table (AUDUSD) 2020-10-26Nasdaq 100 Jul 12 to Jul 16 OutlookIntraday Cycle Projection (AUDUSD) 2018-04-26
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AUDUSD Oct 13 to Oct 17 Outlook
Lawrence’s Comment
Aussie found support at Y-1 and cleared Y-0 decisively. Y+1 was tagged and pulled back to Y-0 as support. Y+2 target was stopped short at the 0.89 round number. Selling resumed since. Closed the week below Y-0 and midpoint.
Outlook
The initial rally last week played out as expected but it was not as explosive as I hope for. The weaknesses going into end of week has turned Y-0 / B-0 into strong resistance zone for a retest of the Y-1 low.
Only until Y-0 / B-0 zone turning into support that a swing long will stand a better chance.
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