Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint. Outlook Rally was a result ...READ MORELawrence's Comment Recap NQ gapped back up to Y-0 and stalled. Sold off back down to Y-1 and found support. Drifted back up to week mid. Closed the week below Y-0 and ...READ MORELawrence's Comment Recap Found support from Y-1 / previous week close and started an up drift back up to Y-0. Closed the week below Y-0 and above midpoint. Outlook Thin up channel ...READ MOREUSDJPY Dec 23 to Dec 27 OutlookUSDCAD Jan 14 to Jan 18 Outlook3DP Odds Table (AUDUSD) 2012-08-07Nasdaq 100 Apr 06 to Apr 10 OutlookUSDCAD Apr 01 to Apr 05 OutlookIntraday Cycle Projection (AUDUSD) 2011-09-14Dow 30 Nov 13 to Nov 17 OutlookDow 30 Apr 10 to Apr 14 OutlookIntraday Cycle Projection (AUDUSD) 2017-07-06GBPUSD Nov 16 to Nov 20 Outlook
As Featured In
AUDUSD Sep 15 to Sep 19 Outlook
Lawrence’s Comment
Aussie breached Y-0 and gave us a nice drop to Y-1. Failed to hold Y-1 and broke down to Y-2 and then Y-3 before it could bounce. Y-2 resistance sent it down to Y-4 eventually. Closed the week below Y-4 and near week low.
Outlook
Gold’s weaknesses foretell this pullback in Aussie a week ago. The extension to Y-4 was a surprise. Weekly trend is now down. B-0 strong resistance with lower price level expected early next week. Even if Aussie goes into consolidation, it will be wild swings both ways.
Share