Trading Edges That Last
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Lawrence's Comment Recap Intervention effect mostly erased by Thursday. Yet, after 100% absolute range established, NQ found the excuse to go higher and closed the week above midpoint and previous ...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 MORELast Week Recap Mini DT led to a quick selloff to month midpoint (the usual stop point for sudden moves, btw). Then staged a 1-2-3 buy, and tagged minimal ...READ MORELawrence's Comment Recap NQ followed the seasonal selloff script to the T. Y-3 acted as support twice before being breached on the 3rd try. Closed the week below Y-3 and at week ...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) 2017-03-20Nasdaq 100 Dec 12 to Dec 16 OutlookIntraday Cycle Projection (EURUSD) 2022-02-10Precog Vision – Forex 2016-12-7GBPUSD Jan 31th to Feb 4th OutlookNasdaq 100 Dec 15 to Dec 19 Outlook3DP Odds Table (EURUSD) 2014-12-17Nasdaq 100 Aug 17 to Aug 21 Outlook3DP Odds Table (EURUSD) 2020-10-07Precog Vision – Forex 2015-10-13
As Featured In
EURUSD Jan 23 to Jan 27 Outlook
Lawrence’s Comment
Warned about intervention since beginning of the year. Here we go again – some did all they can to support the low grade bonds, spreading rumors of solutions in near future.
Short squeeze all the way ended below Y+2 and closed above Y+1.
Outlook
An artificial low was made last week. Such low cannot last unless there is a second boost to the squeeze, giving reasons for some to join the long side.
A pullback to B-0 downto Y-0 will provide the opportunity. euro will have to prove itself by holding this support level and rally from there to break the down trend.
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