Trading Edges That Last
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Lawrence's Comment Recap Election week started with Y-1 holding up fine, which opened the door to Y-0 and the election results propelled cable back up to Y+1. Closed the week above Y-0 ...READ MORELawrence's Comment Recap A short squeeze from the bear flag as expected. Cable rushed to Y+3 before it stopped. Such move has no staying power and led to quick drop back down ...READ MORELawrence's Comment Recap Ninja rising wedge into 110 before breaking the support which points at the target of below Y-1. Y-1 reached and 1.08 right below promptly defended it with an all ...READ MORELawrence's Comment Recap Euro consolidated between Y+2 (the crime scene before the last flush) and Y-0 (wedge breakout support). Y+1 / 1.10 did not act as support hence no short term trend ...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 MOREGBPUSD May 11 to May 15 OutlookGBPUSD Sep 22 to Sep 26 OutlookIntraday Cycle Projection (GBPUSD) 2014-05-16USDJPY Oct 06 to Oct 10 OutlookIntraday Cycle Projection (GBPUSD) 2019-08-29S&P 500 Dec 07 to Dec 11 OutlookEURUSD Aug 03 to Aug 07 OutlookS&P 500 Aug 26 to Aug 30 OutlookIntraday Cycle Projection (GBPUSD) 2014-11-06Precog Vision – Forex 2021-6-11
As Featured In
GBPUSD Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Cable reversed its down trend from exactly the level I mentioned last week and zoomed to Y+1. Very strong reaction to Y+1 bringing cable back down to Y-1. Closed the week above Y-0 and midpoint.
Outlook
Short term low in place but not in daily up trend yet. This implies consolidation with messy swings inside this week’s range.
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