Trading Edges That Last
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Lawrence's Comment Recap Cable held Y-1 and cleared Y-0 for its Brexit low test. Since then Y-0 support sent cable higher until 100% absolute range expansion was reached. Closed the week above ...READ MORELawrence's Comment Recap Retested Y+1 as expected. Then pullback to midpoint of the week. Closed the week above midpoint. Outlook Congestion between B-0 to Y+1, or, breakout to B+2 in play. A less ...READ MOREPrecog Vision – Forex 2018-4-25Dow 30 Apr 18 to Apr 22 OutlookPrecog Vision – Forex 2022-7-13DP Odds Table (EURUSD) 2016-07-15Precog Vision – Forex 2016-9-22Intraday Cycle Projection (EURUSD) 2013-02-253DP Odds Table (EURUSD) 2013-12-04S&P 500 Jun 01 to Jun 05 OutlookGBPUSD Jul 18 to Jul 22 OutlookAUDUSD Jan 16 to Jan 20 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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