Recap Consolidation within Y-0 and Y-1 as mentioned last week. There was this w. spring against B-1, however, and started the rally with enough power to break above Y-0 by the end of the week.
Outlook As long as B-0 acts as support, Y+1 will be retested sooner or later. The Y+1 to B+2 zone will be strong resistance because of STOPD levels from multiple timeframes are concentrated there.
Lawrence's Comment
Recap
Tight range breakout to the upside. Tagged breakout target of Y+3. Closed the week near Y+3 and week high.
Outlook
Consolidation around B+1 likely until NFP Friday.
Auto chart generator encountered some problem and failed to produce the ES chart for this week. Refer to the Dow chart as they look very similar for the past week.
Lawrence's ...
Lawrence's Comment
Recap
Staying away from this pair has been the correct decision for some time now. And it has been the correct decision for the past week as well. The ...
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
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
AUDUSD Feb 21 to Feb 25 Outlook
Lawrence’s Comment
Consolidation within Y-0 and Y-1 as mentioned last week. There was this w. spring against B-1, however, and started the rally with enough power to break above Y-0 by the end of the week.
Outlook
As long as B-0 acts as support, Y+1 will be retested sooner or later.
The Y+1 to B+2 zone will be strong resistance because of STOPD levels from multiple timeframes are concentrated there.
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