Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Y+1 support sent this higher until 100% absolute range expansion is tagged. Consolidated since. Closed the week near Y+1 and below midpoint. Outlook Slow rip to higher level suggests ...READ MORELawrence's Comment Recap 2 weekly down trend resistance breakout gave us a run to 2 week high and in turn stops are found and sent Aussie to Y+2. Strong reaction at Y+2 ...READ MOREHot n Cold (AUDUSD) 2021-7-2Intraday Cycle Projection (AUDUSD) 2018-01-153DP Odds Table (AUDUSD) 2013-08-07AUDUSD Nov 27 to Dec 01 OutlookIntraday Cycle Projection (AUDUSD) 2014-10-22USDCAD Aug 31 to Sep 04 OutlookHot n Cold (AUDUSD) 2015-10-16AUDUSD May 18 to May 22 Outlook3DP Odds Table (AUDUSD) 2014-07-16Intraday Cycle Projection (AUDUSD) 2014-12-22
As Featured In
AUDUSD Aug 04 to Aug 08 Outlook
Lawrence’s Comment
Directional break down from Y-0 resistance. Tagged Y-2 and bounced. Took 2 more tries below Y-2 before a strong bounce could materialize. Closed the week near Y-2 and below midpoint.
Outlook
The assessment of more weaknesses in Aussie is correct and a drop to weekly support is now necessary before Aussie can stage a better longer term bottom. Weekly support below B-2.
Share