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 Euro zone problem drags on so cable suffers. Pulled back to Y-0 and 1-2-3 buy off the zone. Closed the week above Y-0 and B-0. Outlook Retest of B+1 likely. Looking ...READ MORELawrence's Comment Recap ES sold off as expected from slightly higher high above Y+1. What was not expected was that Y-2 was not tagged. Closed the week below midpoint and Y-0 Outlook Outside down ...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 MORENasdaq 100 Jun 04 to Jun 08 OutlookPrecog Vision – Forex 2016-5-17GBPUSD Apr 01 to Apr 05 OutlookIntraday Cycle Projection (EURUSD) 2013-11-13Weekly Cycle Projection (EURUSD) 2016-12-12S&P 500 Apr 08 to Apr 12 OutlookHot n Cold (EURUSD) 2011-4-8Precog Vision – Forex 2013-6-5Precog Vision – Forex 2019-10-7AUDUSD Jun 17 to Jun 21 Outlook
As Featured In
EURUSD May 02 to May 06 Outlook
Lawrence’s Comment
As expected, more upside this week. Held up well in the support zone mentioned last week. Range expansion to Y+2 and stopped there.
Outlook
As long as B-0 acts as support, B+1 will be retested. In order for this pair to change its trend, we need to get a weekly confirmed selloff which close below the prior week midpoint. That means, for this week, unless we see euro closing below Y+1 to B-0, the rally is likely going to continue.
Share