Trading Edges That Last
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Lawrence's Comment Recap Breached Y+1 early in the week and then consolidated above previous week close. NFP report lifted ES up to Y+2. Closed the week above midpoint and near week high. Outlook Strong ...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 MOREBank of Japan finally joining its peers with the announcement today. http://www.boj.or.jp/en/announcements/release_2013/k130122a.pdf All the major currencies are now in non-stop printing mode. But to make printing driven inflation ...READ MOREPrecog Vision – Forex 2013-12-25Weekly Cycle Projection (AUDUSD) 2017-10-163DP Odds Table (AUDUSD) 2015-09-28S&P 500 May 06 to May 10 OutlookPrecog Vision – Forex 2018-8-29Intraday Cycle Projection (AUDUSD) 2016-07-013DP Odds Table (AUDUSD) 2013-06-11One More Major Economy Jumping Onto QE InfinityIntraday Cycle Projection (AUDUSD) 2019-04-023DP Odds Table (AUDUSD) 2017-09-14
As Featured In
AUDUSD Aug 22 to Aug 26 Outlook
Lawrence’s Comment
Upside triangle did not break to the downside at all. Instead, formed an up channel and drifted higher and paused after 50% of prior week range is reached. Closed the week below Y+1.
Outlook
The upchannel is too structured to last and is already broken to the downside. As long as B+1 to B-0 acts as resistance, a retest of Y-0 to B-2 is likely.
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