Trading Edges That Last
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Lawrence's Comment Recap As expected Y-0 area becomes the platform for a run towards Y+2. Paused there for a quick test of Y+1 and then another pop higher. Closed the ...READ MORELawrence's Comment Recap Daily uptrend was broken but you cannot beat b.s. spreading from Europe again. The resistance at B-0 was destroyed right off the beginning of the week. After ...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 MORELawrence's Comment Recap As mentioned last week, "there is no upside at all for NQ". The price level NQ opened at was pretty much B+1 of the week. Big swings dropped NQ ...READ MORE3DP Odds Table (AUDUSD) 2018-05-04Precog Vision – Forex 2013-2-8USDJPY Oct 08 to Oct 12 OutlookDow 30 Oct 08 to Oct 12 OutlookDow 30 May 01 to May 05 OutlookPrecog Vision – Forex 2015-6-11Intraday Cycle Projection (AUDUSD) 2019-07-23Intraday Cycle Projection (AUDUSD) 2017-01-13Nasdaq 100 Oct 13 to Oct 17 OutlookDow 30 Jul 02 to Jul 06 Outlook
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AUDUSD Dec 07 to Dec 11 Outlook
Lawrence’s Comment
Aussie held Y-1 and took out Y+1 quickly. This opened the door to Y+2. Y+1 acted as support. Closed the week above Y+1 and midpoint.
Outlook
As I pointed out 2 weeks ago, Aussie could be telling us that gold is about to bottom out on short term basis. Gold made a strong reversal this week proves this correlation is still useful. Aussie has developed into an up channel now. Break of the channel support will take it back down to B-1. Holiday mode trading means consolidation actions likely.
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