Trading Edges That Last
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Lawrence's Comment Recap Consolidated around Y+1 at 50% range. Standard response after a quick run up. Closed the week above Y+1 and midpoint. Outlook That at par zone has been a trouble ...READ MORELawrence's Comment Recap Bearish expectation played out nicely. NQ simply failed to clear previous week close and dropped from there back down to Y-0. Once Y-0 is cleared, it turned into all ...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 MORELawrence's Comment Recap Broken above the resistance zone mentioned last week, leading to immediate reversal to normal upside target of Y+2. Stalled from Y+2 and tried to stay above Y+1 ...READ MOREPrecog Vision – Forex 2014-7-25Precog Vision – Forex 2017-9-21USDCAD Oct 29 to Nov 02 Outlook3DP Odds Table (EURUSD) 2021-06-023DP Odds Table (EURUSD) 2015-08-313DP Odds Table (EURUSD) 2019-10-073DP Odds Table (EURUSD) 2019-10-07Nasdaq 100 Mar 30 to Apr 03 OutlookPrecog Vision – Forex 2021-8-13GBPUSD Dec 26 to Dec 30 Outlook
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EURUSD Jan 19 to Jan 23 Outlook
Lawrence’s Comment
Retest of Y-1 is expected and tagged early in the week. Euro could not hold Y-1 and started a slide lower. Then SNB uncap Swiss Franc on Thursday sent euro straight down to normal breakout target of Y-3 and below. Closed the week near Y-3 and below midpoint.
Outlook
It will take time for Euro to settle down as many financial institutions and major companies around the world are badly affected by the SNB decision. Expect surge in volatility in coming weeks.
Strong resistance at B-0 with consolidation around B-1 likely.
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