Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Slow drift up at 50% previous week range. After all, no one dare to challenge BOJ at this point. Closed the week near week high and above Y+1. Outlook Japan will ...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 As the US debt talk crisis continue, USD trashed across all majors. Closed the week at the G8 intervention price level now. Outlook Weak but also potential long term bottom ...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 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 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 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 MORENasdaq 100 Sep 27 to Oct 01 OutlookUSDJPY Jul 01 to Jul 05 OutlookIntraday Cycle Projection (EURUSD) 2021-07-28USDCAD Aug 12 to Aug 16 OutlookPrecog Vision – Forex 2013-9-23USDJPY Aug 01 to Aug 05 OutlookPrecog Vision – Forex 2023-1-13Precog Vision – Forex 2012-2-1Precog Vision – Forex 2013-9-2Precog Vision – Forex 2015-3-30
As Featured In
EURUSD Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Similar jawboning and again 1.35 defended in an ugly fashion. Surprise jump higher squeezed euro above Y-0 by the end of the week. Closed the week above Y-0 and midpoint.
Outlook
On weekly, euro has been in a down channel for a long time. It is now broken to the upside. If euro re-enter the channel, it will have enough fuel to flush down to way below 1.35.
Since we know that is the consequence, so do the officials in Europe. By defending B-0 at all cost, they may be able to pull off a major short squeeze sending euro back up to 1.38 and higher.
Hence B-0 is the line in the sand. Expect messy price action around it in coming 2 weeks.
Share