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 MORE
Lawrence's Comment Recap Euro spent all week struggling around Y-1. An attempt to push higher was stopped by 50% range. Closed the week below Y-0 and above midpoint. Outlook Consolidation week near ...READ MORELawrence's Comment Recap Right out of the gate. NQ tested Y-1 and rallied all the way back up to the resistance zone mentioned last week. Easy ride. Then it failed ...READ MOREGBPUSD Nov 30 to Dec 04 OutlookPrecog Vision – Forex 2019-10-7Intraday Cycle Projection (USDJPY) 2015-06-10Hot n Cold (USDJPY) 2021-1-22Weekly Cycle Projection (USDJPY) 2020-03-30EURUSD Nov 16 to Nov 20 Outlook3DP Odds Table (USDJPY) 2018-11-15Nasdaq 100 Oct 22 to Oct 26 OutlookUSDJPY Mar 28 to Apr 01 OutlookIntraday Cycle Projection (USDJPY) 2013-09-04
As Featured In
USDJPY May 16 to May 20 Outlook
Consolidation within 50% of previous week range. No serious attempt to break out of the range at all. Closed the week at midpoint of the week and also near the midpoint of previous week.
Outlook
It is a wait and see situation. Many traders are waiting for someone else to take the lead for the next move. The setup is now complete for a major breakout to either direction.
A successful breakout above Y+1 and that previous month close acting as support will confirm the long term bottom.
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