Recap Y-1 and below proven strong support led to strong rally back up to the crime scene before the break down from the week before last. Since then Aussie stalled. Closed the week near Y-0 and midpoint.
Outlook Reduced range and closing near both midpoints means indecision. Aussie still not finding its direction yet. Until one side is cleared, expecting range bounded 2-way play.
Lawrence's Comment
Recap
Tagged Y+2 as expected. Better yet, made a 1-2-3 sell off that zone implying Y+1 and Y-0 was in play and both were tagged quickly thus opening 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
Lawrence's Comment
Recap
NQ spiked way higher on Tuesday open after holiday Monday. Yet it dropped all the way back down to close the gap below. So as oppose to the normal ...
Lawrence's Comment
Recap
Pullback as expected. Down to Y-0 zone as expected. And took off to retest Y+1, then breakout to almost Y+2. Closed the week near high of week.
Outlook
The ...
Last year I posted my year 2016 predictions on various financial markets and it was very well received. Instead of doing it occasionally, I am making it part of 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
AUDUSD May 11 to May 15 Outlook
Lawrence’s Comment
Y-1 and below proven strong support led to strong rally back up to the crime scene before the break down from the week before last. Since then Aussie stalled. Closed the week near Y-0 and midpoint.
Outlook
Reduced range and closing near both midpoints means indecision. Aussie still not finding its direction yet. Until one side is cleared, expecting range bounded 2-way play.
Share