Trading Edges That Last
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Lawrence's Comment Recap Consolidated above Y-1 first half of the week. Then strong reaction to tag of Y-1 sent euro back up to also Y-0. Then news shock came and trapped the ...READ MORELawrence's Comment Recap Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near 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 MOREPrecog Vision – Forex 2020-4-9Intraday Cycle Projection (EURUSD) 2016-12-27S&P 500 Feb 04 to Feb 08 OutlookIntraday Cycle Projection (EURUSD) 2012-05-14USDJPY Oct 18 to Oct 22 OutlookEURUSD Mar 11 to Mar 15 Outlook3DP Odds Table (EURUSD) 2022-02-09Hot n Cold (EURUSD) 2011-5-27Dow 30 Jul 27 to Jul 31 OutlookPrecog Vision – Forex 2017-3-14
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EURUSD Feb 21 to Feb 25 Outlook
Lawrence’s Comment
Y-1 breached early in the week but did not act as resistance. That is the early signs of strength. Couple that with the spike low is 100% absolute expansion, we already know Y-0 was in play. Y-0 tagged by end of the week.
Outlook
B-0 acts as support and taking out B+1 decisively, major rally will start with 1st target B+3.
A weak selloff to B-1 will not produce significantly downside move as weekly range is contracting. Closing at Y-0 also means some kind of equalibrium is reached.
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