Trading Edges That Last
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Lawrence's Comment Recap Y-1 retested as expected. Failing to hold the zone gave us 100% expansion of the consolidation range. Closed the week below Y-1 and midpoint. Outlook Falling wedge in the ...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 weaknesses let to quick break of Y-0. Since then NQ cannot clear 4700 and dropped to Y-1. When trouble in Asia spread to US, NQ break down to ...READ MORELawrence's Comment Recap B-0 did not act as support earlier in the week. After breaking below Y-1, no more long interest showing up. A flush to below Y-2 by end ...READ MOREUSDCAD May 02 to May 06 Outlook3DP Odds Table (EURUSD) 2023-05-02Weekly Cycle Projection (EURUSD) 2019-10-07GBPUSD Apr 09 to Apr 13 OutlookPrecog Vision – Forex 2019-7-53DP Odds Table (EURUSD) 2015-10-023DP Odds Table (EURUSD) 2021-03-11Nasdaq 100 Dec 14 to Dec 18 OutlookAUDUSD Aug 20 to Aug 24 Outlook3DP Odds Table (EURUSD) 2012-02-07
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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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