Recap Aussie tried to push higher can failed due to the obvious weaknesses mentioned last week. Ended up another consolidation week with tight range. Closed the week above Y-0 and midpoint.
Outlook 2nd inside week. Compression points to significant breakout in play. Notice strong compression leads to potential whiplash action implying both Y+1 and Y-1 will be tagged.
Upside breakout target is B+3. Downside breakout target is B-3.
US Dollar made a move against Canadian Dollar (Loonie) last week. Loonie forced to test its highest level over past 10 years. To put it in perspective, we are ...
Lawrence's Comment
Recap
Dow opened down at Y-2 and triggered a flush down to Y-3, all happening within the first 30 minutes of the week. Since then extreme 2 way swings until ...
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
Retest of Y-1 happened as expected. FBO against Y-1 gave us a pop back up to Y-0. NFP Friday gapped Dow lower to Y-1 which is strong support due ...
AUDUSD Oct 27 to Oct 31 Outlook
Lawrence’s Comment
Aussie tried to push higher can failed due to the obvious weaknesses mentioned last week. Ended up another consolidation week with tight range. Closed the week above Y-0 and midpoint.
Outlook
2nd inside week. Compression points to significant breakout in play. Notice strong compression leads to potential whiplash action implying both Y+1 and Y-1 will be tagged.
Upside breakout target is B+3. Downside breakout target is B-3.
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