Trading Edges That Last
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Lawrence's Comment Recap Consolidation week at reduced range trapped inside Y-1 to Y-0. Closed the week below Y-0 and above midpoint. Outlook BOJ indeed doing what they claimed and no one dares ...READ MORELawrence's Comment Recap Weaknesses early in the week is consistent with expectation. Then the test of Y+1 happened and cleared quickly leading to the Y+3 target. Closed the week near Y+3 and ...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 MOREWeekly Cycle Projection (EURUSD) 2015-04-20Intraday Cycle Projection (EURUSD) 2013-07-11Intraday Cycle Projection (EURUSD) 2014-09-253DP Odds Table (EURUSD) 2014-09-26Intraday Cycle Projection (EURUSD) 2020-11-05USDJPY Feb 23 to Feb 27 OutlookS&P 500 Apr 24 to Apr 28 OutlookGBPUSD Jun 16 to Jun 20 OutlookPrecog Vision – Forex 2012-1-26Intraday Cycle Projection (EURUSD) 2017-12-21
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.
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