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. Close near midpoint. Consolidation with clear signs of weaknesses. That favours the trend which is down.
As long as Y-0 to B+1 continues to act as resistance lower price level is expected. B-2 is minimal target.
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
Consolidation around Y+1 with 50% range as expected. Closed the week at the week high.
Outlook
No real weaknesses showing in the chart yet. Sell setup on 4 hours can ...
Lawrence's Comment
Recap
Unlike NQ, Dow refused to even consolidate below Y+1. Instead it popped higher and sit above Y+1. Eventually that led to the upside breakout and doubled the range of ...
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
Pulled back to slightly below Y-0 and bounced off. Retest of Y+1 did not quite make it there. Closed the week above midpoint and Y-0.
Outlook
Inside week with ...
AUDUSD Feb 03 to Feb 07 Outlook
Lawrence’s Comment
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. Close near midpoint. Consolidation with clear signs of weaknesses. That favours the trend which is down.
As long as Y-0 to B+1 continues to act as resistance lower price level is expected. B-2 is minimal target.
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