Trading Edges That Last
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Lawrence's Comment Recap Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint. Outlook Outside week ...READ MORELawrence's Comment Recap Test of Y-1 as expected. Y-1 support all week. Closed the week near Y-1 and below midpoint. Outlook 2nd consolidation week with weak close is bearish. Until B-0 turning ...READ MORELawrence's Comment Recap More downside as expected. 50% range bounded the price actions. Closed the week near Y-1 and midpoint. Outlook Consolidation around Y-1 points to continuation of current trend likely. So ...READ MOREPrecog Vision – Forex 2022-4-83DP Odds Table (EURUSD) 2014-06-18USDJPY Jul 07 to Jul 11 OutlookIntraday Cycle Projection (EURUSD) 2012-07-033DP Odds Table (EURUSD) 2015-06-30AUDUSD Jul 20 to Jul 24 OutlookIntraday Cycle Projection (EURUSD) 2018-09-28Intraday Cycle Projection (EURUSD) 2015-07-24EURUSD Nov 02 to Nov 06 OutlookIntraday Cycle Projection (EURUSD) 2021-03-31
As Featured In
EURUSD Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Reversal expectation played out. Euro rejected Y-1 and zoomed above Y+1 right after FOMC announcement. Strong reaction above Y+1. Closed the week above Y-0 and midpoint.
Outlook
Although euro snapped out of its down trend, it still has to deal with trapped long from above 1.09. This means even though a short term bottom is in place, there is still likely shake out move pressing euro back down to below Y-0 or even retesting Y-1 before Euro can go higher.
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