Trading Edges That Last
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Lawrence's Comment Recap Cable gapped down and tagged Y-2 first. The stage was set for an up drift back to Y-1. Consolidation week around open instead of previous week close. Closed 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 Unlike Dow or ES, I have mentioned that NQ cleared an important resistance zone, thus it can go higher still. Here it is, zooming upto Y+3 normal ...READ MORELawrence's Comment Recap The march towards 1.28 was realized last week. Very strong reactions there with rumours that central banks intervened. But Y+1 acted as support leading to another rush to 1.28. ...READ MOREPrecog Vision – Forex 2011-7-22Precog Vision – Forex 2015-6-3Nasdaq 100 Oct 09 to Oct 13 Outlook3DP Odds Table (EURUSD) 2019-05-13AUDUSD May 10 to May 14 OutlookGBPUSD Sep 15 to Sep 19 OutlookPrecog Vision – Forex 2015-5-29Nasdaq 100 Feb 06 to Feb 10 OutlookIntraday Cycle Projection (EURUSD) 2012-12-27USDCAD Mar 16 to Mar 20 Outlook
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EURUSD Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Opened below my support requirement thus invalidated the bullish potential. First try going higher cannot even tag Y-0. Dropped hard but news shock and rumors started to take over the week. Complete mess as the officials keep telling lies after lies trying to pop euro higher. By Friday, IHS on 4 hour has formed. Closed the week above Y-1 and midpoint.
Outlook
Friday rally was the same type of price action we have seen repeatedly after the European officials doing what they do best – lying. Shorts gave up / reduced position size before the weekend in case intervention later today would zoom Euro much higher.
Gap fill above is likely. IHS target is Y+1. Other then that no expectation from this pair as I do not like to trade news.
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