Trading Edges That Last
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Lawrence's Comment Recap Pullback to Y-0 support and took off. Upside target Y+2 not tagged yet. Closed the week above Y+1 and near week high. Outlook Y+2 still in play. FBO against ...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 Ninja held Y-0 early in the week as support. Gave us a go for retest of Y+1 and potential upside breakout. Breakout happened but slammed back down hard on ...READ MORELawrence's Comment Recap Weakest of the 3 indices, resistance at Y+1 all week and collapsed down to near Y-3 as expected. Closed the week near Y-2 and week low. Outlook There is ...READ MORELawrence's Comment Recap Euro moved back down to target mentioned last week. Bounced from there but failed to clear 1.13 / Y-0. Closed the week near Y-1 and below midpoint. Outlook Y-1 ...READ MORE3DP Odds Table (AUDUSD) 2012-06-183DP Odds Table (AUDUSD) 2016-09-13Precog Vision – Forex 2020-9-4S&P 500 Mar 21 to Mar 25 OutlookPrecog Vision – Forex 2022-3-253DP Odds Table (AUDUSD) 2012-08-29Hot n Cold (AUDUSD) 2017-4-14USDJPY Nov 11 to Nov 15 OutlookNasdaq 100 Jun 13 to Jun 17 OutlookEURUSD Sep 28 to Oct 02 Outlook
As Featured In
AUDUSD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Behaved in very similar fashion like yen, except that Aussie closed above Y-2 and below Y-1.
Outlook
From weekly range tightening up to 3 weeks ago, and then downside expansion to Y-1 area 2 weeks ago, a trend change on daily level to the downside is now confirmed. What it means is that there will be limited upside potential for any attempt to go higher until a strong daily level bottom is developed.
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