Trading Edges That Last
- You May Also LikeFor 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 scheduleREAD MOREFor 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 scheduleREAD MORE
Lawrence's Comment Recap Y-1 support earlier in the week led to stop run back up to Y+1. Brexit spike reversal gave us the Y-3 breakout target. Closed the week near Y-2 and ...READ MORELawrence's Comment Recap Held Y-0 instead of testing Y-1. Directly go for upside breakout gave us the Y+3 target. Y+3 tagged and pullback since. Closed the week above Y+2 and midpoint. ...READ MORELawrence's Comment Recap Y-1 acted as support. Without news shock euro is now stuck. Closed the week near Y-0. Outlook Inside week and clear compression across many markets. No point rushing in ...READ MOREFor 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 scheduleREAD MOREDow 30 Jan 02 to Jan 06 OutlookPrecog Vision – Forex 2013-6-5Intraday Cycle Projection (AUDUSD) 2011-03-17Precog Vision – Forex 2016-7-12USDJPY Jun 27 to Jul 01 OutlookUSDCAD Feb 05 to Feb 09 OutlookUSDCAD Jul 06 to Jul 10 OutlookHot n Cold (AUDUSD) 2022-8-26EURUSD Aug 20 to Aug 24 OutlookPrecog Vision – Forex 2021-2-15
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AUDUSD Sep 30 to Oct 04 Outlook
Lawrence’s Comment
Aussie consolidated around the breakout zone mentioned last week first. Then moved to the downside confirming the weakness. Since then Y-0 acted as resistance and gave us a move down to almost B-1. Closed the week near week low and below Y-0.
Outlook
Another inside week with average 4 hour range collapsed. Not quite a down channel in place. Everyone is waiting for something to jump onboard. Could be US government shutdown, could be something else.
Will be interested in breakout play above B-0 and below Y-1. Markets do not stay quiet like this for long.
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