Trading Edges That Last
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Lawrence's Comment Recap As explained last week, weekly up trend intact and that is good enough reason to send Dow back up to fill the open gap above. Gap fill led to ...READ MORELawrence's Comment Recap Y-0 acted as resistance and gave us a drop back down to previous week close which turned into very strong support on 3 separate attempts to break it from ...READ MORELawrence's Comment Recap Once the Y+1 breakout happened, we can already tell Y+2 was the target because that is the upper boundary of the tight range defined over past few ...READ MOREAUDUSD Jul 18 to Jul 22 OutlookPrecog Vision – Forex 2015-9-22Weekly Cycle Projection (EURUSD) 2018-12-03Intraday Cycle Projection (EURUSD) 2020-06-30Nasdaq 100 Mar 05 to Mar 09 OutlookAUDUSD Jun 29 to Jul 03 OutlookNasdaq 100 Sep 19 to Sep 23 OutlookDow 30 Apr 27 to May 01 OutlookDow 30 Apr 21 to Apr 25 OutlookEURUSD Oct 22 to Oct 26 Outlook
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EURUSD May 16 to May 20 Outlook
Comparing to GBP, euro had a more difficult selloff. It took better half of the week to make an attempt to test Y-1 and finally sold off to almost Y-2.
Outlook
Euro is resisting the selloff. Trend buy players are stepping in to support 1.42, 1.41, and 1.40 levels. Thus the price movement this week will likely be a mess. Would prefer to wait for the moving average crowds to finish their fights here first.
As long as Y-1 to B+1 acts as resistance, the down trend on 4 hours is intact.
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