Trading Edges That Last
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There are certain weekly statistics that forex traders should know about the majors. These statistics by themselves do not give you very strong bias to lean on. In combination, however, ...READ MORELawrence's Comment Recap All week bear flag drift up. Tagged resistance at Y-0 before NFP and sold off right after. Wild reaction at Y-1 and erased the drop. Closed the week below ...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 MOREWeekly Bias: Expected Weekly Behaviour of Forex MajorsGBPUSD Dec 11 to Dec 15 OutlookGBPUSD Jan 13 to Jan 17 Outlook3DP Odds Table (EURUSD) 2023-05-02Intraday Cycle Projection (EURUSD) 2016-11-15Precog Vision – Forex 2013-9-30Intraday Cycle Projection (EURUSD) 2013-10-103DP Odds Table (EURUSD) 2022-01-14Weekly Cycle Projection (EURUSD) 2019-10-07Precog Vision – Forex 2015-11-6
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EURUSD Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Euro dropped to Y-1 and found support right below. 4 hour bottom from there sent euro back up to near Y+1. Euro paused when it reached 100% absolute range expansion. Closed the week above Y-0 and midpoint.
Outlook
End of week action looks more like stop run than real buying. Until Y+1 is cleared, it is still strong resistance that can send euro back down to Y-0 / B-0 first.
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