Trading Edges That Last
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Lawrence's Comment Recap Y-0 did not hold this down so Y+1 became the target and tagged quickly. Breakout above Y+1 gave us Y+2 target and that was tagged quickly too. Closed the ...READ MORELawrence's Comment Recap Hold support and took off. Easy as pie. Blasted through Y+1 and closed the week at Y+1. Outlook Long term bottom likely in place (at least in the making). ...READ MORELawrence's Comment Recap Aussie followed its peers broken the daily down trend against USD. Closed the week above Y+1 and midpoint. Outlook To start a new up trend on daily against US ...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 Pullback consolidation play worked out. Y-0 target tagged. 50% range. Closed the week near Y-0 and below midpoint. Outlook A retest of Y+1 is possible but only if cable ...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 MOREPrecog Vision – Forex 2015-1-2Intraday Cycle Projection (EURUSD) 2022-09-28AUDUSD Apr 15 to Apr 19 OutlookIntraday Cycle Projection (EURUSD) 2017-02-02AUDUSD Jun 11 to Jun 15 OutlookAUDUSD Mar 23 to Mar 27 OutlookPrecog Vision – Forex 2017-12-12GBPUSD Jun 29 to Jul 03 Outlook3DP Odds Table (EURUSD) 2021-02-02Precog Vision – Forex 2021-1-29
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EURUSD Feb 02 to Feb 06 Outlook
Lawrence’s Comment
Euro found support as expected and bounced back up to Y-0 target. From there it just consolidated in tight range. Closed the week below Y-0 and near midpoint.
Outlook
Two scenarios in play. B-0 down to 1.12 support will give Euro another leg higher in a daily level bear flag / 4 hour up channel. A flush to B-1 can be difficult to play as we cannot tell if the reaction at B-1 is likely to hold or not.
Hands off could be a good idea this week for Euro.
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