Trading Edges That Last
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Lawrence's Comment Recap Consolidated around Y+1. Less than 50% range of week prior to last. Closed the week below Y+1 and midpoint. Outlook ES is weaker than NQ. It is structurally much weaker ...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 MORERecap Y-1 to Y-0 acted as resistance. Sold off to target Y-2. Outlook A flush low at B-2 early in the week points to consolidation for the rest of the week. If ...READ MOREPrecog Vision – Forex 2011-6-9Precog Vision – Forex 2014-2-5Hot n Cold (USDJPY) 2015-7-17GBPUSD Jan 03 to Jan 07 OutlookSeeking Alpha – Disturbing Development In Euro CurrencyIntraday Cycle Projection (USDJPY) 2013-01-31Precog Vision – Forex 2016-6-9S&P 500 Feb 13 to Feb 17 OutlookPrecog Vision – Forex 2015-3-30GBPUSD May 16 to May 20 Outlook
As Featured In
USDJPY Oct 05 to Oct 09 Outlook
Lawrence’s Comment
As expected no strong directional move with Y-1 and Y-0 boundaries pretty much trapped the price actions all week. NFP led to the sudden swing breaking below Y-1 but it is not confirmed on daily as price snapped back up immediately. Closed the week below Y-0 and above midpoint.
Outlook
Still within the previous consolidation range means we have to wait for the daily level breakout again. Strong reaction below Y-1 and 119 means an attempt at the other end B+1 and above is likely.
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