Recap Completely trapped within the month range, aussie just slide from the resistance to its support and bounce back to the resistance zone by close of the week.
Outlook The interesting scenario for aussie is that if the pair turned downward and stage a selloff from B+1 and Y+1 with a 1-2-3 sell setup, B-1 will be seen again next week. The less likely scenario is that the pair break above B+1 and that it turns into support, we will then get a quick zoom to B+3 (not shown in the chart).
Lawrence's Comment
Recap
As I pointed out last week, even though Dow is clearly in a pullback correction phase, it will not be an orderly environment. Well, it materialized last week. FOMC ...
Lawrence's Comment
Recap
The funniest pair last week. Got the upside breakout above Y+1 which invalidated the bearish potential. Then above turn back down to almost Y-1, even printed a ...
Lawrence's Comment
Recap
Last week was one of the most volatile option expiration week in recent months. Y-0 held early in the week gave us a run to Y+2. Y+2 rejected we ...
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
As expected the 3 pushes up led to a selloff below Y-1. Instead of falling further, cable consolidated in range. Closed the week above midpoint.
Outlook
This week due to ...
AUDUSD Feb 28 to Mar 04 Outlook
Lawrence’s Comment
Completely trapped within the month range, aussie just slide from the resistance to its support and bounce back to the resistance zone by close of the week.
Outlook
The interesting scenario for aussie is that if the pair turned downward and stage a selloff from B+1 and Y+1 with a 1-2-3 sell setup, B-1 will be seen again next week.
The less likely scenario is that the pair break above B+1 and that it turns into support, we will then get a quick zoom to B+3 (not shown in the chart).
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