Recap As oppose to just consolidate like Loonie, Aussie continued its path towards the Y-2 target before bouncing back. Attempts to trade above Y-1 failed so far and closed the week below Y-1.
Outlook Bias towards a retest of Y-2 and B-1 as long as Y-1 upto B+1 acts as resistance.
Lawrence's Comment
Recap
B-0 did not act as support earlier in the week. After breaking below Y-1, no more long interest showing up. A flush to below Y-2 by end ...
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
It has been a year since I published the Quid Piker trading system for British Pound. I guess it is a good time to review the model and discuss about ...
Lawrence's Comment
Recap
Y-1 test led to up drift for Y-0 all week. Closed the week near Y-0 and week high.
Outlook
Rising wedge breakdown points to test of B-1 / Y-1. ...
AUDUSD Aug 15 to Aug 19 Outlook
Lawrence’s Comment
As oppose to just consolidate like Loonie, Aussie continued its path towards the Y-2 target before bouncing back. Attempts to trade above Y-1 failed so far and closed the week below Y-1.
Outlook
Bias towards a retest of Y-2 and B-1 as long as Y-1 upto B+1 acts as resistance.
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