Trading Edges That Last
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Lawrence's Comment Recap Another week of going nowhere as expected. Gold's strength has helping Aussie to stay above Y-0 most of the week. Closed the week above Y-0 and midpoint. Outlook Reduced range with ...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 Tricky week indeed. Dow opened above Y+1 invalidated the normal pullback scenario. Y+1 acting as support since and eventually led to end of week rally to close at month ...READ MOREWeekly Cycle Projection (EURUSD) 2020-04-13USDCAD Jan 16 to Jan 20 OutlookPrecog Vision – Forex 2013-9-6Precog Vision – Forex 2016-4-29AUDUSD Jun 30 to Jul 04 OutlookIntraday Cycle Projection (EURUSD) 2016-08-26Precog Vision – Forex 2022-5-23Hot n Cold (EURUSD) 2012-11-9Precog Vision – Forex 2016-12-12Dow 30 Jun 02 to Jun 06 Outlook
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EURUSD Feb 14 to Feb 18 Outlook
Lawrence’s Comment
Text book STOPD move on this pair again. Broken Y-1 first, meaning more downside is to be expected, then rallied back to the sell zone mentioned last week. Once the sell zone was tagged, 2nd leg selloff all the way back down to week low. Closed the week at Y-1.
Outlook
As long as B-0 is acting as resistance, long is still out of the question. The likely downside target is B-2. Should the pair rally above B-0, will be looking for quick rally to B+1 and then B+2.
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