Recap Y-0 failed to act as support and turned into resistance. Channel break down led to test of the start of the channel which is Y-2. Found support at Y-2 and bounced. Closed the week below Y-1 and midpoint.
Outlook Y-1 / B-0 strong resistance until proven otherwise. Retest of B-1 likely.
Lawrence's Comment
Recap
Beautiful breakout to the upside from support zone as expected. Stop run beyond Y+2 took ninja up to 200% range expansion. Closed the week above Y+3 and near week ...
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
The breakdown in cable is not a surprise for chart traders given the way it was suppressed at Y-0 / 1.56 area. Breakout target of Y-3 was almost tagged ...
Lawrence's Comment
Recap
Failed to challenge Y-0, bias for the week to tag Y-2 materialized. At 100% absolute range expansion, cable found support and bounced back up. Closed the week below Y-1 ...
AUDUSD Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Y-0 failed to act as support and turned into resistance. Channel break down led to test of the start of the channel which is Y-2. Found support at Y-2 and bounced. Closed the week below Y-1 and midpoint.
Outlook
Y-1 / B-0 strong resistance until proven otherwise. Retest of B-1 likely.
Share