Trading Edges That Last
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Lawrence's Comment Recap Took off right from the start of the week and consolidated above Y+1 pointing to a push towards Y+3. At 100% absolute range expansion, heavy selling kicked ...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 Strongest among the big 3 indices. FBO Monday, this time NQ can no longer gap up to force a breakout to the upside. Hence normal selloff back down to ...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 MOREPrecog Vision – Forex 2016-12-203DP Odds Table (EURUSD) 2015-06-19Intraday Cycle Projection (EURUSD) 2019-09-27USDJPY Oct 29 to Nov 02 Outlook3DP Odds Table (EURUSD) 2019-10-07Precog Vision – Forex 2014-10-31Intraday Cycle Projection (EURUSD) 2014-02-03Nasdaq 100 Aug 12 to Aug 16 OutlookAUDUSD Dec 19 to Dec 23 OutlookPrecog Vision – Forex 2017-5-10
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EURUSD May 07 to May 11 Outlook
Lawrence’s Comment
Strong breakout above 1.33 did not happen. Instead, a w. upthrust against Y+1 happened early in the week. That put Y-0 and Y-1 into play. Closed the week at Y-1.
Outlook
As mentioned last week, if euro can break Y-0 decisively, Y-2 is the target. That should be the target for early next week as euro ran out of time this week.
From Y-2 a bounce to Y-1 is likely if the selloff is not a strong one.
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