Recap Y+1 cleared as expected. Consolidation action around Y+1. Closed the week above Y+1 and midpoint.
Outlook Condolidation with strong close implies above B+1 likely. Strong reversal from above B+1 and below B+2 quickly down to B-0 points to swing top in the making with B-2 and below target.
Lawrence's Comment
Recap
Failed right at the resistance zone mentioned last week and collapsed down to Y-2 target. Bounced from there and tested week mid. Failed to go above week mid and ...
Lawrence's Comment
Recap
Bearish expectation worked out for Aussie. Rising wedge breakdown led to selloff down to target Y-5 and below. Closed the week below Y-5 and near week low.
Outlook
Weaknesses ...
Lawrence's Comment
Recap
A mess produced from a mess. ES simply followed Dow and NQ the whole week. Gaps up and down through the week due to news shock from Europe. As ...
Lawrence's Comment
Recap
Cable simply bottom out at Y-1 and rallied to Y-0 as expected. Went sideway since and holding the week mid at the time before took off again to tag ...
USDCAD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
Y+1 cleared as expected. Consolidation action around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Condolidation with strong close implies above B+1 likely. Strong reversal from above B+1 and below B+2 quickly down to B-0 points to swing top in the making with B-2 and below target.
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