Recap As expected we got our pullback. Better yet, it blown through the support at Y-1, triggering the Y-3 to Y-4 target which was tagged quickly in 2nd half of the week.
Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
For more information about this report please refer to the Market Bias Informant page
Trading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Failure to tag Y+1 early in the week sent the pair back down to Y-1. As Y-1 did not contain the drop, further weaknesses was expected from ...
Lawrence's Comment
Recap
Moved lower in the beginning of the week as expected. Reversal from there to challenge Y-0 and gave us the Y+1 run. Closed at week high and right below ...
AUDUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
As expected we got our pullback. Better yet, it blown through the support at Y-1, triggering the Y-3 to Y-4 target which was tagged quickly in 2nd half of the week.
Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
Share