Trading Edges That Last
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Lawrence's Comment Recap Tried to break Y-0 twice and failed. That staged the rally to test Y+1 as expected. Closed the week below Y+1 as an inside week. Outlook Same as last ...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 MOREIntraday Cycle Projection (AUDUSD) 2022-12-093DP Odds Table (AUDUSD) 2017-09-25Precog Vision – Forex 2015-8-6GBPUSD Mar 06 to Mar 10 OutlookIntraday Cycle Projection (AUDUSD) 2017-07-13GBPUSD Sep 03 to Sep 07 OutlookHot n Cold (AUDUSD) 2017-4-7EURUSD Nov 26 to Nov 30 OutlookPrecog Vision – Forex 2011-6-273DP Odds Table (AUDUSD) 2014-12-05
As Featured In
AUDUSD Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Y-0 support lifted Aussie to test Y+1. Since then consolidated for FOMC announcement. After, Y+1 cleared and 100% range expansion move to above Y+2 before finding resistance. Closed the week above Y+1 and midpoint.
Outlook
Aussie pretty much rushed to the original crime scene where it first broke down from a thin up channel. Now a repeat of the same happened which suggested that a higher timeframe down channel is in the making. As long as B+1 is acting as resistance Aussie will retest Y+1.
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