Trading Edges That Last
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Lawrence's Comment Recap Wild ride as mentioned last week. Pretty much straight up from Y-1 to Y+2 with very strong reactions between Y-0 and Y+1. Closed the week above Y+1 and midpoint. ...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 Y-1 failed to hold up at all opening the door to Y-2 which was tagged near the end of the week. Once Y-2 was tagged, extreme reaction ...READ MORELawrence's Comment Recap Hurriance Sandy removed 2 trading days off the week and that impact showed up clearly in this compressed trading week. Quick flush back down to right above ...READ MOREWeekly Cycle Projection (EURUSD) 2021-11-29Intraday Cycle Projection (EURUSD) 2016-12-26Intraday Cycle Projection (EURUSD) 2022-04-08S&P 500 Oct 03 to Oct 07 OutlookIntraday Cycle Projection (EURUSD) 2012-12-06Precog Vision – Forex 2014-11-27Dow 30 Sep 22 to Sep 26 OutlookPrecog Vision – Forex 2013-8-23USDJPY Oct 01 to Oct 05 OutlookDow 30 Nov 05 to Nov 09 Outlook
As Featured In
EURUSD Jul 07 to Jul 11 Outlook
Lawrence’s Comment
Easiest play last week. Euro tagged Y+2 which was also the up channel resistance. It then pullback to Y+1 and failed to hold there. Flushed towards Y-1. Closed the week below Y-0 and near week low.
Outlook
Wide range reversal with weak close. Potential down trend on weekly in place. As long as euro fails to close above B-0 on weekly basis, more downside is coming. May take several weeks to get down to B-3 depending on what happens in the other related markets.
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