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 MORE
Lawrence's Comment Recap Went higher as expected. Then consolidated above Y+1. Closed the week at week high. Outlook More upside expected early next week. Sudden reversal near Y+2 points to a drop ...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 MORELawrence's Comment Recap Reacted at breakout upper boundary, sent Aussie back to Y-0. Y-0 acted as support, moved back up to Y+1. Closed the week below Y+1 and above midpoint. Outlook As long as ...READ MOREPrecog Vision – Forex 2011-6-223DP Odds Table (EURUSD) 2018-04-30Dow 30 Aug 13 to Aug 17 OutlookNasdaq 100 Mar 05 to Mar 09 OutlookPrecog Vision – Forex 2019-10-73DP Odds Table (EURUSD) 2013-12-09Precog Vision – Forex 2015-10-6AUDUSD Mar 24 to Mar 28 Outlook3DP Odds Table (EURUSD) 2015-09-02USDJPY Oct 21 to Oct 25 Outlook
As Featured In
EURUSD Aug 04 to Aug 08 Outlook
Lawrence’s Comment
Euro moved lower and made a flush at 1.34 instead of 1.33. Stayed tight range and reversed higher late in the week. Closed near Y-1 and above midpoint.
Outlook
A temporary bottom is in place as 1.34 was rejected. A run to B+2 and 1.35 is in the card. This is just normal reaction to the continuous selling over the past few weeks. Weekly down trend is in place and it will take a lot more to break the trend.
Up moves are counter-trend thus they can be terminated easily.
Share