Trading Edges That Last
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Lawrence's Comment Recap Initial selloff to the downside was rejected with all out short squeeze. Clear Y-0 support sending the pair to close near the high of the week. Outlook As stated last ...READ MORELawrence's Comment Recap Pullback to Y-0 turns into all out collapse. Could not stop until 100% range expansion. Closed the week above Y-1 and below midpoint. Outlook US mid-week data together with development of ...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 MORELawrence's Comment Recap Long bias from last week was simple but proven not easy for many. Dow just popped back up to Y-0 and went sideway. Then it took off without filling ...READ MOREPrecog Vision – Forex 2019-10-7USDJPY Mar 27 to Mar 31 OutlookS&P 500 Mar 06 to Mar 10 OutlookPrecog Vision – Forex 2018-5-18USDJPY Oct 17 to Oct 21 Outlook3DP Odds Table (AUDUSD) 2018-12-20USDCAD Mar 31 to Apr 04 OutlookPrecog Vision – Forex 2013-5-3Hot n Cold (AUDUSD) 2017-4-28Dow 30 Dec 23 to Dec 27 Outlook
As Featured In
AUDUSD Jan 20 to Jan 24 Outlook
Lawrence’s Comment
Rallied to the upside target of Y+2. Found resistance and sold off back down to Y-0 support. Y-0 could not hold it up, resulted in directional slide down to Y-2. Closed the week below Y-2 and near week low.
Outlook
Gold found resistance above so Aussie has no choice but to drop with gold. As long as Y-2 / B-0 can cap any bounce, Aussie short term up trend is now over.
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