Could not hold the previous bottom and made a new low by end of November. First week of December made yet another new low.
Next week outlook
Bringing up this chart because something interesting is going on with this pair. If the yellow zone is taken out quickly then November low can turn into an important support zone. If that works out, green zone is the target.
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
Broken below our support zone, but successfully staged a double bottom to blast the price up right underneath. That puts Y-0 into play. Reached Y-0 in midweek and ...
Lawrence's Comment
Recap
The less likely scenario happened after a quick break below Y-1, cable bounced back above that quickly. That set the stage to rally back to Y+1. We ...
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
EURAUD Week of Dec 6th to Dec 10th Outlook
Recap of last week
Could not hold the previous bottom and made a new low by end of November. First week of December made yet another new low.
Next week outlook
Bringing up this chart because something interesting is going on with this pair. If the yellow zone is taken out quickly then November low can turn into an important support zone. If that works out, green zone is the target.
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