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Lawrence's Comment Recap NQ did a whiplash play. First NQ held Y-0 support and pushed higher above Y+1. That is pretty much the expected move. Then NQ failed to hold above Y+1 ...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 Euro held above Y-0 all week and then news shock / rumors late in the week sending it above Y+1. Closed the week below Y+1 and near ...READ MORELawrence's Comment Recap As oppose to just move up to B+3 target area, NQ simply gap above B+1, forcing a fierce short cover rally in the beginning of the week. Then ...READ MORENasdaq 100 Aug 19 to Aug 23 OutlookIntraday Cycle Projection (AUDUSD) 2015-04-01Precog Vision – Forex 2013-11-26GBPUSD Sep 10 to Sep 14 OutlookAUDUSD Jan 16 to Jan 20 OutlookEURUSD Sep 03 to Sep 07 OutlookUSDJPY May 23 to May 27 OutlookNasdaq 100 Jun 06 to Jun 10 OutlookS&P 500 Feb 12 to Feb 16 OutlookWeekly Cycle Projection (AUDUSD) 2015-05-04
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AUDUSD Sep 02 to Sep 06 Outlook
Lawrence’s Comment
As expected Aussie cannot even tag Y-0 and sold off back down to Y-1. Struggled around Y-1 in 2nd half of the week. Closed the week below Y-1 and near week low.
Outlook
Pressed down by 2 factors – Strength in US dollar due to backdrop of war looming and potential exhaustion in gold rally.
Key level remains at 0.9 right above B-0. If Aussie successfully pops higher above B-0 early next week, a run back up to B+1 / Y-0 should not be a problem.
As long as the 0.9 / B-0 zone is not breached, more downside for Aussie likely. B-2 very likely to be tagged this week.
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