Trading Edges That Last
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Lawrence's Comment Recap Bounced back up in tight range around Y-1 is normal after the sudden wide range reversal. Closed the week above Y-1 and midpoint. Outlook As long as Y-1 / ...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 MORELawrence's Comment Recap First thing first, ES slided down to my target Y-2. Support was found and ES started to drift higher. At 100% range expansion, ES could no longer sustain itself ...READ MORELawrence's Comment Recap Did not even push higher in the beginning of the week. Sold off slowly all the way back down to almost where the breakout started. Closed the week near ...READ MORELawrence's Comment Recap The collapse of gold price in the beginnng of the week rejected the possibility of further weaknesses. So the other direction came in force. 1-2-3 buy against Y-0 sent ...READ MOREHot n Cold (EURUSD) 2011-6-3Intraday Cycle Projection (EURUSD) 2023-02-13USDJPY May 09 to May 13 OutlookPrecog Vision – Forex 2014-3-19USDCAD Feb 25 to Mar 01 OutlookPrecog Vision – Forex 2022-9-12USDCAD Feb 14 to Feb 18 OutlookS&P 500 Apr 14 to Apr 18 OutlookUSDCAD Feb 04 to Feb 08 OutlookUSDCAD May 09 to May 13 Outlook
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EURUSD May 20 to May 24 Outlook
Lawrence’s Comment
Failed to clear resistance mentioned last week. Tagged Y-2 downside target by end of the week. No surprise and easy week. Closed the week near week low and Y-2.
Outlook
Slow structured drop is not the norm in currencies. And we got just that across many majors. It is not a good sign because it means chaos ahead.
Euro holding B-1 and clear B-0 quickly will give us a run back up to B+2.
Failing to clear B-0 will give us another leg down. B-2 is the next downside target.
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