Recap Test of Y+1 led to clean drop to below Y-0 triggering Y-1 target. Y-0 acted as resistance since giving us Y-1 quickly and Y-2 eventually. Closed the week below Y-1 and near week low.
Outlook Weekly down trend resumed. Y-1 / B-0 strong resistance. Next stop below will be below 1.04.
Lawrence's Comment
Recap
No consolidation below the resistance zone. Instead zoomed thru and triggered Y+2 target. Tagged that by end of week. Closed the week below Y+2 and near week high.
Outlook
The accelerated ...
Lawrence's Comment
Recap
Dow provided the reason to go higher but it is ES that showed us what short squeeze can really do. Excluding the Y-1 low, ES did almost 40-point run ...
Lawrence's Comment
Recap
The week actions from the week prior to last week led to a gap down open for the week. That in turn helped Dow to form a better bottom ...
For 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 schedule
For 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 schedule
EURUSD Apr 13 to Apr 17 Outlook
Lawrence’s Comment
Test of Y+1 led to clean drop to below Y-0 triggering Y-1 target. Y-0 acted as resistance since giving us Y-1 quickly and Y-2 eventually. Closed the week below Y-1 and near week low.
Outlook
Weekly down trend resumed. Y-1 / B-0 strong resistance. Next stop below will be below 1.04.
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