Trading Edges That Last
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Recap of last week As expected, rally in USDJPY continued last week. It failed to tag previous month high, however, making it difficult to tell if it is more ...READ MORELawrence's Comment Recap NQ gapped down to sell off target right off the start of the week. Long term channel support turned into resistance leading to trend sell all week. Closed the ...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 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 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 MOREPrecog Vision – Forex 2016-9-22USDJPY Week of Nov 22nd to 26th Outlook3DP Odds Table (EURUSD) 2021-12-24Nasdaq 100 Jan 11 to Jan 15 Outlook3DP Odds Table (EURUSD) 2015-02-23S&P 500 Jul 16 to Jul 20 OutlookPrecog Vision – Forex 2015-1-12Precog Vision – Forex 2014-5-7Dow 30 Mar 13 to Mar 17 OutlookPrecog Vision – Forex 2018-7-12
As Featured In
EURUSD Sep 23 to Sep 27 Outlook
Lawrence’s Comment
Opened above Y+1. No FBO as Euro stayed above Y+1 all the way til its breakout move to Y+4. Consolidated since. Closed the week above Y+3 and midpoint.
Outlook
Unusual breakout move last week made it difficult to project the direction this week. Notice that it was not a strong move going higher. Euro essentially jumped from Y+1 to Y+3 and finally stopped at Y+4.
A pullback is normal with target below B-0. From there if Y+2 to B-0 zone acting as support, a retest of B+1 likely.
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