Trading Edges That Last
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Lawrence's Comment Recap Sharp pullback in the beginning of the week fulfilled the minimal pullback expectation. Pre-Brexit weekly close support sent NQ straight up. 50% absolute range expansion reached. Closed the week ...READ MORELawrence's Comment Recap Similar to prior weeks, the initial weaknesses from the gap down on monday resulted in quick rejection to even tagging Y-1. That set the stage to break ...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 MOREEURUSD Aug 20 to Aug 24 OutlookPrecog Vision – Forex 2022-3-9Precog Vision – Forex 2019-9-5Nasdaq 100 Jul 11 to Jul 15 OutlookIntraday Cycle Projection (EURUSD) 2011-11-29USDCAD Feb 11 to Feb 15 OutlookNasdaq 100 Mar 05 to Mar 09 Outlook3DP Odds Table (EURUSD) 2013-02-13USDCAD Oct 03 to Oct 07 OutlookPrecog Vision – Forex 2022-4-12
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EURUSD Jan 16 to Jan 20 Outlook
Lawrence’s Comment
Tried to pull off a bounce from Y-1 but stalled right at the resistance we mentioned last week and dropped to new low. Closed the week below Y-1.
Outlook
Intervention (sort of) by ECB and European officials earlier in the week proven useless.
The target 1.25 area mentioned last week is still in play. Early part of next week can be a roller coaster ride down to 1.25 and it is possible that euro can bounce all the way back up by end of the week.
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