Recap Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around 0.70 round number. Closed the week above Y-0 and near week high.
Outlook Y-0 / B-0 now strong support for a test of Y+1. Failure to hold above B-0 points to daily down trend resumes.
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
Monday we saw a brake was applied then Tuesday we get a repeat. A lot of people did not get the memo that it is the week to go ...
Lawrence's Comment
Recap
Very nice rally off the support zone mentioned last week. Rally until 100% absolute range expansion completed. Y+2 rejected leading to a drop back down to Y+1. Closed the ...
Lawrence's Comment
Recap
Gap up turned into breakout failure. Gave us an excuse to send NQ back down to Y-0. Tagged Y-0 and failed to push it lower since. Then ...
Most of the time, when we are looking for a pip calculator, we are not doing that for educational purpose. There is usually a need, a pretty urgent one, to ...
Lawrence's Comment
Recap
ES behaves more like NQ like week than Dow. Early in the week ES found support at 2000 round number zone and cleared Y-0 on 2nd try. Y-0 support ...
AUDUSD Sep 14 to Sep 18 Outlook
Lawrence’s Comment
Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around 0.70 round number. Closed the week above Y-0 and near week high.
Outlook
Y-0 / B-0 now strong support for a test of Y+1. Failure to hold above B-0 points to daily down trend resumes.
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