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Lawrence's Comment Recap As expected, cable price trapped between Y-1 to Y+1. Attempt to break lower failed then higher high and higher low swinged cable back up to almost Y+1. Closed the ...READ MORELawrence's Comment Recap The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the ...READ MOREIntraday Cycle Projection (EURUSD) 2012-08-23Intraday Cycle Projection (EURUSD) 2011-07-26USDCAD Sep 21 to Sep 25 OutlookGBPUSD Sep 30 to Oct 04 OutlookIntraday Cycle Projection (EURUSD) 2013-05-10GBPUSD Jan 23 to Jan 27 Outlook3DP Odds Table (EURUSD) 2011-11-24Intraday Cycle Projection (EURUSD) 2015-11-123DP Odds Table (EURUSD) 2017-01-04Intraday Cycle Projection (EURUSD) 2012-08-15
As Featured In
EURUSD Aug 17 to Aug 21 Outlook
Lawrence’s Comment
Y-0 acted as support helping euro to clear Y+1 in 1 go. Y+2 tagged and Y+1 turned into support for breakout play towards Y+3. Y+4 tagged and stopped the squeeze. Closed the week above Y+2 and midpoint.
Outlook
Short squeeze is not a stable setup. A test of B-0 down to Y+1 likely.
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