Trading Edges That Last
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Lawrence's Comment Recap Further compression happened. Price broken down to Y-2 resulted in a strong bounce from Y-2 twice. However, closed the week at midpoint below Y-1. Outlook Clearly intervention at this 76 ...READ MORELawrence's Comment Recap 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 ...READ MORELawrence's Comment Recap False breakout the week before lsat week is now proven not strong enough to take euro down. Although we got a sell setup early in the week ...READ MORE3DP Odds Table (AUDUSD) 2016-08-243DP Odds Table (AUDUSD) 2022-07-12Precog Vision – Forex 2020-9-25Intraday Cycle Projection (AUDUSD) 2019-05-02USDJPY Sep 26 to Sep 30 OutlookNasdaq 100 Jun 06 to Jun 10 OutlookEURUSD Jan 23 to Jan 27 Outlook3DP Odds Table (AUDUSD) 2014-12-12EURUSD Sep 10 to Sep 14 OutlookNasdaq 100 Nov 12 to Nov 16 Outlook
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AUDUSD Dec 16 to Dec 20 Outlook
Lawrence’s Comment
First move to test Y+1 found resistance. Gave us Y-1 target. Dropped to Y-1 and breached the support as if it is not there. Closed the week below Y-1 and below midpoint.
Outlook
As mentioned last week once Y-1 is cleared the target is Y-3. It is now half way thru. More downside is expected. Y-1 / B-0 should cap any upside move for now.
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