Trading Edges That Last
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Lawrence's Comment Recap Held near Y+1 and previous week close to stage a trap for the bears. That was enough to cause a short squeeze up to my upside target zone. Bulls ...READ MORELawrence's Comment Recap Ninja breakdown from 120 support zone led to a flush back down to monthly support 116-117 area. Closed the week below Y-5 and near week low. Outlook More downside ...READ MORES&P 500 Feb 18 to Feb 22 OutlookIntraday Cycle Projection (AUDUSD) 2012-10-08Intraday Cycle Projection (AUDUSD) 2017-08-10USDJPY Jan 11 to Jan 15 OutlookIntraday Cycle Projection (AUDUSD) 2012-11-20Intraday Cycle Projection (AUDUSD) 2018-06-13Intraday Cycle Projection (AUDUSD) 2020-07-20Intraday Cycle Projection (AUDUSD) 2017-12-213DP Odds Table (AUDUSD) 2020-12-15Intraday Cycle Projection (AUDUSD) 2019-01-18
As Featured In
AUDUSD Aug 12 to Aug 16 Outlook
Lawrence’s Comment
A nice reversal surprise that worked out well. Aussie held the support zone mentioned last time with a perfect 1-2-3 long. Tagged Y-0 and zoomed to pre-break down price target. Closed the week at week high and above Y-0.
Outlook
Double wide range weeks points to consolidation around B+1 with 50% week range. Bias towards tagging Y+1.
Gold is in a very tricky area and that is reflected in the price of Aussie. Until gold gives us a clear direction, Aussie will wild swing with every twists and turns gold is going to make.
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