Recap Behaved in very similar fashion like yen, except that Aussie closed above Y-2 and below Y-1.
Outlook From weekly range tightening up to 3 weeks ago, and then downside expansion to Y-1 area 2 weeks ago, a trend change on daily level to the downside is now confirmed. What it means is that there will be limited upside potential for any attempt to go higher until a strong daily level bottom is developed.
I have been thinking of what kinds of real-time trading tools will help the Emini day traders. I came up with several concepts last year but was stuck with technology ...
Lawrence's Comment
Recap
Overall whole week behaved what a normal continuation week should with all the details completely messed up. First, Dow triple bottom against Y-1 and bounced back up to Y-0. ...
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 Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Behaved in very similar fashion like yen, except that Aussie closed above Y-2 and below Y-1.
Outlook
From weekly range tightening up to 3 weeks ago, and then downside expansion to Y-1 area 2 weeks ago, a trend change on daily level to the downside is now confirmed. What it means is that there will be limited upside potential for any attempt to go higher until a strong daily level bottom is developed.
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