Trading Edges That Last
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Lawrence's Comment Recap Tricky week indeed. Dow opened above Y+1 invalidated the normal pullback scenario. Y+1 acting as support since and eventually led to end of week rally to close at month ...READ MORELawrence's Comment Recap Y-1 support gave us test of Y-0 and above resistance. Failed to hold above Y-0 gave us retest of Y-1 and a break down to Y-2. Closed the week ...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 Flushed lower first and then 2000 round number acted as platform for a rally into FOMC announcement as expected. ES sold off since then and dropped back down to ...READ MOREPrecog Vision – Forex 2015-3-26Precog Vision – Forex 2023-2-2Hot n Cold (EURUSD) 2012-6-29Precog Vision – Forex 2014-9-17Dow 30 Jun 02 to Jun 06 Outlook3DP Odds Table (EURUSD) 2022-06-15USDCAD Feb 29 to Mar 04 OutlookNasdaq 100 Jan 23 to Jan 27 OutlookPrecog Vision – Forex 2019-9-6S&P 500 Dec 21 to Dec 25 Outlook
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EURUSD Dec 09 to Dec 13 Outlook
Lawrence’s Comment
Mentioned last week euro support is Y-0 and there we got the heated fights 3 times within the week. At the end the bears are toasted with Y+2 upside target tagged by end of the week. Closed the week near Y+2 and week high.
Outlook
This is the potential swing top zone for euro. Last few times we got weekly spike highs like this coincided with major European government bonds offering. No difference this time. Once the dust settle and that euro close below Y+1 / B-0 on weekly close basis, we have a weekly spike top.
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