Trading Edges That Last
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Lawrence's Comment Recap Consolidation around B+1 at 50% range as expected. A necessary pause for the wild moves over the past few weeks. Closed the week below Y+1 and near midpoint. Outlook Difficult 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 MORELawrence's Comment Recap Down channel resistance breached right from the beginning of the week. Gave us an up drift consolidation week. 50% range capped the upside. Closed the week above Y-0 and ...READ MORELawrence's Comment Recap Surprise rally tagging Y+1 negated the bear flag break on 4 hours and in turn giving us STOPD shcok breakout target of Y+3. Y+3 almost tagged and cable stalled ...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 MOREIntraday Cycle Projection (EURUSD) 2016-08-12Precog Vision – Forex 2018-2-13Dow 30 Feb 24 to Feb 28 OutlookPrecog Vision – Forex 2022-7-19Weekly Cycle Projection (EURUSD) 2011-10-243DP Odds Table (EURUSD) 2019-05-21USDJPY Aug 18 to Aug 22 OutlookIntraday Cycle Projection (EURUSD) 2011-11-21GBPUSD Feb 08 to Feb 12 OutlookPrecog Vision – Forex 2022-7-1
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EURUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Sold off to Y-3. Bounced back up to Y-1 which acted as resistance. Ended the week below Y-1 and above midpoint.
Outlook
Unlike cable, euro sold off so hard that it could not rally above Y-1 last week. That mean even if euro rally this week into B+2, it is not likely it can take out Y+1. If Y-1 to B+1 acts as resistance, a retest of B-1 is in play.
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