Recap The less likely scenario happened. Free ride from Y-0 to Y-2. Closed the week above Y-1.
Outlook The reaction at B-0 points to a retest of B-1. Congestion within B-0 to B-1 is expected until either one is taken out. The likely breakout direction is down and Y-3 to B-2 is in play in later part of the week.
Lawrence's Comment
Recap
Brexit effect controlling cable all week. FBO Y-1 in the beginning of the week sent cable back up to Y+1. Bull flag on 4 hours pullback to 1.44 round ...
Lawrence's Comment
Recap
Euro went lower as expected. Strong reaction several times to stop the drop yet not able to change the course. Closed the week below Y-1 and midpoint.
Outlook
Critical week with ...
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
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 May 09 to May 13 Outlook
Lawrence’s Comment
The less likely scenario happened. Free ride from Y-0 to Y-2. Closed the week above Y-1.
Outlook
The reaction at B-0 points to a retest of B-1. Congestion within B-0 to B-1 is expected until either one is taken out.
The likely breakout direction is down and Y-3 to B-2 is in play in later part of the week.
Share