Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Swing violently as expected. The unexpected part was that it is to the downside only. Final flush tagged Y-4 and bounced. Closed the week below Y-3. Outlook Consolidation likely. ...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 Quick steep pullback in the beginning of the week. Then pre-Brexit weekly close acted as support and led to test of Y+1. 2nd attempt at Y+1 cleared the resistance ...READ MORELawrence's Comment Recap Euro consolidated around Y-1 and then flushed lower. Y-2 target tagged and bounced back up to week mid and failed to push higher. Closed the week below Y-1 and ...READ MOREGBPUSD Jun 04 to Jun 08 OutlookGBPUSD Mar 20 to Mar 24 OutlookPrecog Vision – Forex 2019-6-14S&P 500 Dec 19 to Dec 23 OutlookDow 30 Oct 01 to Oct 05 OutlookDow 30 Jul 11 to Jul 15 OutlookUSDCAD Jan 17 to Jan 21 OutlookEURUSD Nov 11 to Nov 15 OutlookIntraday Cycle Projection (GBPUSD) 2017-08-09Intraday Cycle Projection (GBPUSD) 2020-09-22
As Featured In
GBPUSD Apr 20 to Apr 24 Outlook
Lawrence’s Comment
Everything changed over the weekend in Europe. Cable found support at Y-1 and forced a test of Y-0. That in turn provided fuel for cable to clear Y-0 gunning for Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Outside week reversal against the just established down trend indicates many people are caught on the wrong side of the market. Now Y-0 / B-0 strong support with this week consolidation at 50% week range likely.
Share