Trading Edges That Last
- You May Also LikeFor 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 MORE
Recap of last week Flushed down as expected, tagged the previous month 2x downside target (good!) but not tagging the 50% weekly expansion target to the downside and reversed ...READ MORELawrence's Comment Recap Y-1 test led to up drift for Y-0 all week. Closed the week near Y-0 and week high. Outlook Rising wedge breakdown points to test of B-1 / Y-1. ...READ MORE3DP Odds Table (EURUSD) 2019-10-07Hot n Cold (EURUSD) 2020-6-53DP Odds Table (EURUSD) 2022-05-17Intraday Cycle Projection (EURUSD) 2017-06-08Dow 30 Apr 22 to Apr 26 OutlookIntraday Cycle Projection (EURUSD) 2011-08-03Precog Vision – Forex 2021-1-21EURAUD Week of Nov 15th to 19th OutlookIntraday Cycle Projection (EURUSD) 2013-10-07AUDUSD Jul 04 to Jul 08 Outlook
As Featured In
EURUSD Jan 24th to 28th Outlook
Recap of Last Week
Early in the week a low was formed to create a powerful IHS with neckline at approx. prior week high (green zone). A breakout of that zone in mid week has turned that into a support area. Euro rallied to close at its high of the week. Range was tightened but it was still 400 pips. Volatility is definitely staying.
Next Week Outlook
The IHS has a target of 1.39+. That puts the pair in upside expansion mode and it is matching the 200% upside targets for the prior week and last week. The zone is 1.395 to 1.400 (not shown). If euro tags that area quickly in the beginning of the week, a tradable pullback is expected.
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