Trading Edges That Last
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Lawrence's Comment Recap Pullback below Y-0 early in the week confirmed potential weaknesses. After test of Y+1 and failing to breakout above that, selloff started and dropped down to Y-1 in ...READ MORELawrence's Comment Recap Holiday activity kept Loonie going sideway. Consolidation around Y-1 until the end of the week. Closed the week at Y-1 and near midpoint. Outlook No information from the past week due ...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 MOREGold Rush in ChinaPrecog Vision – Forex 2020-8-31Precog Vision – Forex 2017-2-7GBPUSD Nov 07 to Nov 11 OutlookUSDCAD Jul 07 to Jul 11 Outlook3DP Odds Table (AUDUSD) 2012-04-04Intraday Cycle Projection (AUDUSD) 2014-03-05Precog Vision – Forex 2013-2-7Weekly Cycle Projection (AUDUSD) 2018-09-103DP Odds Table (AUDUSD) 2018-07-19
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AUDUSD Sep 23 to Sep 27 Outlook
Lawrence’s Comment
Gapped higher at the start of the week and consolidated around Y+1 since. Fed meeting sent gold way higher and Aussie jumped higher in sync. Closed the week below midpoint and above Y+1.
Outlook
Aussie closed weak but not weak enough to signal a selloff. Aussie has to move out of the zone Y+1 to Y+2 before we can tell which direction is in control. Breakout play.
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