Recap Tagged target right at the start of the week and bounced. That opened the door to Y-2 as it failed to pop above the resistance area stated last week. Y-2 tagged and closed the week near its low and Y-2.
Outlook Closed right at critical price level. This coming week will determine if Aussie can snap out of this down trend.
A flush to B-2 and quickly snap back above B-1 will set the stage for rally back up to B+1 and B+2.
Lawrence's Comment
Recap
1-2-3 sell off Y+1 on 4 hour points to Y-0 in play. Y-0 failed to act as support, giving us Y-1 target below. Flush later in the week tagged ...
Lawrence's Comment
Recap
First significant pullback after the 400+ pips rally. Closed the week below Y-0 and midpoint. Inside week.
Outlook
I am still looking for long only. As long as B-1 ...
Lawrence's Comment
Recap
NQ flushed to Y-2 in the beginning of the week and bounced off. Similar to Dow, its test of Y-0 failed to push higher and opened the door to ...
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 May 14 to May 18 Outlook
Lawrence’s Comment
Tagged target right at the start of the week and bounced. That opened the door to Y-2 as it failed to pop above the resistance area stated last week. Y-2 tagged and closed the week near its low and Y-2.
Outlook
Closed right at critical price level. This coming week will determine if Aussie can snap out of this down trend.
A flush to B-2 and quickly snap back above B-1 will set the stage for rally back up to B+1 and B+2.
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