Trading Edges That Last
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Lawrence's Comment Recap 17000 round number support sparked a strong rally back up to 17700. Reactions to FOMC decision the day after were opposite to what most people expected. Beautiful drop back ...READ MOREPrecog Vision – Forex 2018-2-27Precog Vision – Forex 2019-10-7Precog Vision – Forex 2017-5-18Precog Vision – Forex 2011-6-1Dow 30 Dec 21 to Dec 25 OutlookHot n Cold (AUDUSD) 2018-8-31Intraday Cycle Projection (AUDUSD) 2014-04-233DP Odds Table (AUDUSD) 2013-05-06S&P 500 Jan 25 to Jan 29 OutlookUSDCAD Jan 29 to Feb 02 Outlook
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AUDUSD May 13 to May 17 Outlook
Lawrence’s Comment
This pair caught me by surprise with a breakout to the downside. When Y-1 rejected the bounce we got a go for Y-3. Flushed all the way down to Y-4 before Aussie found support. Closed the week above Y-4 and below midpoint.
Outlook
Australia is now infected by the currency war hence it will move like them from now on. Without support from gold, Aussie will probably stuck at the bottom of the range around Y-4 this week. If Gold can rally back up early this week, looking for Aussie to bounce back up to B-0.
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