Recap Y+1 cleared without tagging Y-0 led to breakout push towards Y+3. Thin channel however failed to hold up after the last push and collapsed back down to the crime scene near Y-0. Closed the week near Y-0 and week low.
Outlook Wide range reversal points to more downside likely. Y+1 / B-0 strong resistance until proven otherwise.
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
Recap
Pushed above Y-0 yet fail to hold up. Dropped quickly to Y-1 target zone. Mid week bounce created the midpoint for the week and closed the week at Y-1 ...
Lawrence's Comment
Recap
Weaknesses right off the start. Got my target and Y-2 as well in 1 go. Drifted up slowly since then back to Y-1 area. Closed the week ...
Lawrence's Comment
Recap
Gap and go breakdown move sent Dow straight down. Closed the week below Y-5 and near week low.
Outlook
Wide range week breakdown points to consolidation actions. Flush low ...
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 Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Y+1 cleared without tagging Y-0 led to breakout push towards Y+3. Thin channel however failed to hold up after the last push and collapsed back down to the crime scene near Y-0. Closed the week near Y-0 and week low.
Outlook
Wide range reversal points to more downside likely. Y+1 / B-0 strong resistance until proven otherwise.
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