Trading Edges That Last
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Lawrence's Comment Recap Cable simply flushed from the start of the week and breached Y-1 in 1 go. That set up the pair to drop down to Y-2 and below. Cable resumed ...READ MOREFor 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 scheduleREAD MOREWeekly Cycle Projection (AUDUSD) 2020-09-07Hot n Cold (AUDUSD) 2011-4-13DP Odds Table (AUDUSD) 2015-09-253DP Odds Table (AUDUSD) 2017-02-09GBPUSD Feb 18 to Feb 22 OutlookS&P 500 Mar 13 to Mar 17 Outlook3DP Odds Table (AUDUSD) 2022-08-29Precog Vision – Forex 2022-9-23Nasdaq 100 Dec 19 to Dec 23 OutlookNasdaq 100 Oct 14 to Oct 18 Outlook
As Featured In
AUDUSD Aug 29 to Sep 02 Outlook
Lawrence’s Comment
3rd leg down resulted in a fight to defend of Y-1 which eventually led to a run for Y-0 test after Mrs. Yellen’s comments. Since 2nd swing low was not defended, no fuel to go higher and collapsed from there. Closed the week below Y-1 and near week low.
Outlook
Down channel structure but not well formed. Momentum points to more downside for now but Y-2 support can lead to a reversal to test Y-1 / B-0 first for confirmation of weaknesses.
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