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Lawrence's Comment Recap Cable held Y-1 and cleared Y-0 for its Brexit low test. Since then Y-0 support sent cable higher until 100% absolute range expansion was reached. Closed the week above ...READ MORELawrence's Comment Recap Was looking for a breakout and it turned into another tight range week consolidating around Y+1. Closed the week near Y+1 and at midpoint. Outlook Potential breakout failure ...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 Bounced back upto the pre-breakdown level as expected. But that was all it could do and stalled back down to Y-0 and consolidated since. Closed the week above ...READ MORELawrence's Comment Recap No resistance at all from Y+1, as Aussie zoomed thru the price in 1 go. That put Y+3 in play. Ended up tagging Y+4 before it can ...READ MOREUSDCAD Feb 14 to Feb 18 OutlookGBPUSD Jul 18 to Jul 22 OutlookGBPUSD Aug 20 to Aug 24 OutlookIntraday Cycle Projection (EURUSD) 2013-12-25Intraday Cycle Projection (EURUSD) 2019-05-20Intraday Cycle Projection (EURUSD) 2012-01-09Precog Vision – Forex 2013-3-8Hot n Cold (EURUSD) 2012-1-25GBPUSD Oct 03 to Oct 07 OutlookAUDUSD Jan 07 to Jan 11 Outlook
As Featured In
EURUSD Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Data repair was done after the chart update over the weekend. Next week will have the correct prices shown. Euro slipped below Y-1 yet no stops were discovered which led to a slow drift up back to the crime scene leading to the drop from the before. No more fuel after that and stalled. Closed the week below Y-0 and near midpoint.
Outlook
ECB officials just have too much fun talking lately. That induced fear into the trading communities making euro a currency to avoid. The short term outcome could be sideway actions until end of the year. The long term consequence could be very damaging though as no one wants euro anymore. It is a mistake similar to what Merkel did back in 2012.
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