Recap 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.
For 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 schedule
For 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 schedule
For 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 schedule
For 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 schedule
Lawrence's Comment
Recap
Trapped between Y-0 downto Y-1. Nothing much happened for the pair.
Outlook
Bottoming formation promising but not in place yet.
Must successfully break above B+1 and that turning into ...
Lawrence's Comment
Recap
What normal? Another continuous drift higher until round number 13900 was tagged. Led to the usual 100 points pullback. Then extreme reaction to the level with a gap up ...
Lawrence's Comment
Recap
Took off from support mentioned last week. Got target Y+2 and above. Closed the week above Y+2 and at week high.
Outlook
No surprise with the short term bottom. ...
Lawrence's Comment
Recap
Gapped lower right off opening of the week and flushed down to test the gap below after failure to break above previous week close. Shorts are squeezed after the ...
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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