Trading Edges That Last
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Lawrence's Comment Recap Compression as expected. FBO against Y+1 later in the week did not lead to a breakdown as situation with Greece has no decision yet. Closed the week above Y-0 ...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 MOREThe failure of euro to hold above the previous year close is now proven to be very bearish. 1.30 is a critical price zone that euro must defend as there ...READ MORE3DP Odds Table (AUDUSD) 2019-10-07Intraday Cycle Projection (AUDUSD) 2015-04-16Precog Vision – Forex 2015-8-21Weekly Cycle Projection (AUDUSD) 2016-10-033DP Odds Table (AUDUSD) 2013-08-26GBPUSD Mar 27 to Mar 31 OutlookEURUSD Jun 22 to Jun 26 OutlookNasdaq 100 Jun 12 to Jun 16 OutlookPrecog Vision – Forex 2017-3-14EURUSD Breaking Down
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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