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
Lawrence's Comment Recap Y-1 test confirmed support. Bounced back up but failed to clear Monday high. Closed the week below Y-0 and midpoint. Outlook Tight range consolidation. Ledge is formed. Continuation of ...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 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 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 Cable ran straight up to Y+2 and then stalled. Then euro zone b.s. kicked in sending it back down to Y-0. Closed the week below midpoint and above ...READ MOREPrecog Vision – Forex 2018-2-16GBPUSD Nov 24 to Nov 28 OutlookIntraday Cycle Projection (EURUSD) 2017-10-02Weekly Cycle Projection (EURUSD) 2021-05-17Intraday Cycle Projection (EURUSD) 2014-02-14Precog Vision – Forex 2012-4-12Precog Vision – Forex 2013-11-7Precog Vision – Forex 2014-6-9GBPUSD Dec 10 to Dec 14 OutlookHot n Cold (EURUSD) 2016-12-30
As Featured In
EURUSD Jun 08 to Jun 12 Outlook
Lawrence’s Comment
Y-0 acted as support early in the week started a strong 1-2-3 buy with Y+3 target. That in turn started a reverse waterfall effect on daily squeezing the shorts upto the breakdown crime scene at 1.14 / Y+5. Closed the week near Y+2 and midpoint.
Outlook
The run up is purely reactional and has no long term implication because it ended with a close near midpoint. Above 1.12 / Y+3 is now confirmed strong resistance until proven otherwise. Most important of all, daily downtrend is not affect by the actions from last week.
Share