Trading Edges That Last
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Lawrence's Comment Recap Consolidation actions after wide range expansion was normal. ECB decisions sparked wild swings both ways. Y-0 support gave us a run for Y+2 but not enough time to get ...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 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 My bullish view is proven correct. Y+1 was tested mid week and eventually taken out by end of the week. Closed the week above Y+1. Outlook Weekly and monthly ...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 MOREHot n Cold (AUDUSD) 2022-1-21Dow 30 Mar 14 to Mar 18 OutlookUSDCAD Oct 08 to Oct 12 OutlookPrecog Vision – Forex 2015-10-13Precog Vision – Forex 2020-7-22Nasdaq 100 Apr 30 to May 04 Outlook3DP Odds Table (AUDUSD) 2022-02-07Dow 30 Feb 20 to Feb 24 OutlookPrecog Vision – Forex 2014-12-29GBPUSD Mar 18 to Mar 22 Outlook
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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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