Recap News shock sent cable back down to Y-1 and 100% range expansion. Stops were triggered and led to further downside to Y-2 before support is found. Closed the week near Y-2 and week low.
Outlook Wide range week reversal is bearish but we cannot rule out the potential of a strong bounce before further downside is developed. Y-1 / B-0 strong resistance. New low against B-1 likely.
Lawrence's Comment
Recap
NQ upside breakout with ES and Dow. The only one out of the 3 indices reached its Y+2 upside target. NQ then failed to hold onto its gain and ...
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
Aussie consolidated in tight range. First drift up was met with sellers right above Y-0. stuck in tight range since. Closed the week below Y-0 and near midpoint.
Outlook
Inside week. ...
GBPUSD Sep 28 to Oct 02 Outlook
Lawrence’s Comment
News shock sent cable back down to Y-1 and 100% range expansion. Stops were triggered and led to further downside to Y-2 before support is found. Closed the week near Y-2 and week low.
Outlook
Wide range week reversal is bearish but we cannot rule out the potential of a strong bounce before further downside is developed. Y-1 / B-0 strong resistance. New low against B-1 likely.
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