Trading Edges That Last
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Lawrence's Comment Recap Y-0 support and then breakout to upside target mentioned last week. Stalled when getting near Y+3. Closed the week above Y+2 and near week high. Outlook weekly consolidation / ...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 NQ held the support I mentioned last week and from there started an impressive rally to clear the resistance zone one by one. NQ finally tagged Y-0 the upside ...READ MORELawrence's Comment Recap Consolidation around Y-1 and 50% range of the week before. Closed near the week low. Outlook No clear swing formation to lean on. Even last week I can tell ...READ MOREGBPUSD Nov 30 to Dec 04 OutlookUSDJPY Feb 01 to Feb 05 OutlookHot n Cold (EURUSD) 2022-10-14Precog Vision – Forex 2011-5-113DP Odds Table (EURUSD) 2014-11-28Nasdaq 100 Jul 01 to Jul 05 Outlook3DP Odds Table (EURUSD) 2018-06-06GBPUSD May 28 to Jun 01 Outlook3DP Odds Table (EURUSD) 2021-07-123DP Odds Table (EURUSD) 2014-10-07
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EURUSD Jul 14 to Jul 18 Outlook
Lawrence’s Comment
Breached Y-1 in the beginning of the week but did not stay below. Bounced to Y-0 and stopped there as usual. Sold back down to Y-1. Closed the week below Y-0 and midpoint.
Outlook
Confirmed weaknesses in place but no confirmation of down trend on daily. Frustrating? Yes. But one has to understand that it is normal for summer with market movement like this.
More downside is expected. Breaking of B-1 forcefully will give us B-2 and B-3 eventually.
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