Trading Edges That Last
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Lawrence's Comment Recap Right from the start of the week Dow moved higher but struggled to stay above Y+1. The spike high that led to a close well below Y-1 confirmed the ...READ MORELawrence's Comment Recap I was expecting something like what happened to Dow and instead got a run like NQ. ES started out the week defending Y+1 and then pushed higher to tag ...READ MOREHot n Cold (AUDUSD) 2015-9-25Precog Vision – Forex 2020-4-8Precog Vision – Forex 2015-4-16GBPUSD Aug 24 to Aug 28 OutlookGBPUSD Sep 23 to Sep 27 OutlookDow 30 Feb 25 to Mar 01 OutlookIntraday Cycle Projection (AUDUSD) 2017-07-14S&P 500 Oct 21 to Oct 25 OutlookIntraday Cycle Projection (AUDUSD) 2011-08-233DP Odds Table (AUDUSD) 2011-04-05
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AUDUSD Aug 05 to Aug 09 Outlook
Lawrence’s Comment
Aussie failed to clear Y+1, gave us the perfect selloff as mentioned last week back down to Y-2. Y-2 did not even put in a fight and gave us 200% absolute range expansion before finding support. Closed the week near week low and below Y-3.
Outlook
Aussie is a reflection of the gold weaknesses. The weaknesses with Aussie, however, requires not just gold moving up but above 1400 to give Aussie the backdrop to be able to hold up. Until then Aussie stays in longer term down trend.
Next week Aussie can bounce back up to B-0 if it can hold Y-3 and give us a 1-2-3 buy from there. Lack of a good bottom, consolidation around B-1 is expected.
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