Trading Edges That Last
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Lawrence's Comment Recap Spike and ledge from the week before failed to produce a sell off last week. Y-1 acted as support most of the week producing strong bounces back up. Closed ...READ MORELawrence's Comment Recap Euro drifted lower and consolidated around Y-1. As euro dropped lower, European officials came out b.s. all the way to keep the currency stable again. Closed the week at ...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 MORE3DP Odds Table (EURUSD) 2019-01-243DP Odds Table (EURUSD) 2017-01-13Precog Vision – Forex 2018-10-15Hot n Cold (EURUSD) 2012-11-7Precog Vision – Forex 2016-4-4Intraday Cycle Projection (EURUSD) 2021-06-18USDCAD Nov 28 to Dec 02 OutlookDow 30 Jan 13 to Jan 17 OutlookEURUSD Sep 09 to Sep 13 OutlookPrecog Vision – Forex 2011-11-18
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EURUSD Dec 30 to Jan 03 Outlook
Lawrence’s Comment
Quiet start led to an explosive stop hunt late in the week. 200 pips swing to almost Y+2 / 1.39 before it stopped. Closed the week above Y-0 and below midpoint.
Outlook
Seasonally, euro has a bias to push 100 pips higher on average during the 2nd last week of December thus the rally was not an unexpected event. The last 100 pips of the run obviously was a significant stop run. Due to the low volume, it is difficult to tell if the spike top is there for real.
Next week is end of 2013 and likely even thinner volume. Not going to bet on a direction until after I see how 2013 ends.
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