Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Tight range consolidation around Y-1. Closed the week above Y-1 and midpoint. Outlook Retest B+1. If successfully taken out B+1, then B+2 to Y-0 is the target.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 MOREWeekly Cycle Projection (EURUSD) 2013-07-15Precog Vision – Forex 2021-11-11Intraday Cycle Projection (EURUSD) 2012-07-31Precog Vision – Forex 2015-8-28Intraday Cycle Projection (EURUSD) 2012-06-04USDJPY Jun 13 to Jun 17 OutlookWeekly Cycle Projection (EURUSD) 2016-10-24Hot n Cold (EURUSD) 2012-2-15Hot n Cold (EURUSD) 2012-5-15Precog Vision – Forex 2016-3-8
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EURUSD Apr 20 to Apr 24 Outlook
Lawrence’s Comment
Y-1 breached early in the week but did not act as resistance. W. spring formed with Y-1 acting as support sending euro back up to Y-0. Closed the week near Y-0 and above midpoint.
Outlook
Consolidation up drift back to Y-0 resistance zone is not a surprise. Back to weekly down trend resistance means a decision has to be made early next week if Y-0 / B+1 will force a turn back down. If so, we get Y-1 again.
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