Trading Edges That Last
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Lawrence's Comment Recap With help of gold, Aussie did not even stopped at Y+1 on the first retest. Opened the door way to Y+2 and tagging that too in a ...READ MORELawrence's Comment Recap Hold support and took off. Easy as pie. Blasted through Y+1 and closed the week at Y+1. Outlook Long term bottom likely in place (at least in the making). ...READ MORELawrence's Comment Recap The spike high was made at Y+2 and Y+1 did not show any signs of support. That implies the other extreme is in play according to STOPD ...READ MORELawrence's Comment Recap Consolidation around B+1 at 50% range as expected. A necessary pause for the wild moves over the past few weeks. Closed the week below Y+1 and near midpoint. Outlook Difficult week ...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 MORE3DP Odds Table (AUDUSD) 2021-04-30Precog Vision – Forex 2013-10-21Precog Vision – Forex 2018-1-24AUDUSD Dec 17 to Dec 21 OutlookAUDUSD Jun 11 to Jun 15 Outlook3DP Odds Table (AUDUSD) 2018-03-09USDCAD Feb 28 to Mar 04 OutlookDow 30 Feb 24 to Feb 28 OutlookPrecog Vision – Forex 2014-6-17Precog Vision – Forex 2022-4-22
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AUDUSD Sep 17 to Sep 21 Outlook
Lawrence’s Comment
Not only we got Y+2, Y=3 was almost tagged by end of the week as well. Closed the week above Y+2.
Outlook
Both Aussie and Loonie are driven by metal prices. As gold put in place its bottom last week with a strong rally, both currencies have no choice but to strengthen.
Long term bottom is likely in place hence will look for long only on this pair.
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