Recap Y-1 test resulted in a higher low rally. The break above Y+1 cleared the major resistance level established over the past few weeks. Closed the week at the high of its range.
Outlook Y+2 and B+2 are in play. Y+1 down to B-0 is strong support zone now.
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
Cable zoomed back up and held my support zone. That gave us a go for the Y+1 and above play. Cable zoomed higher later in the week. Closed the ...
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
Greece referendum turns out to be a non-event. Euro flushed lower but SNB intervened. Y-1 turned into support after Y-0 was tagged. This setup led to a rally back ...
Lawrence's Comment
Recap
Consolidated near Y+1 as expected. NQ held very well at the support mentioned last week. Then mid week gap and go forced NQ to go higher and tagged Y+1. ...
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
AUDUSD Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Y-1 test resulted in a higher low rally. The break above Y+1 cleared the major resistance level established over the past few weeks. Closed the week at the high of its range.
Outlook
Y+2 and B+2 are in play. Y+1 down to B-0 is strong support zone now.
Share