Trading Edges That Last
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Lawrence's Comment Recap Tight range expectation did not work out thanks to sudden weaknesses in US dollar. 100% absolute range expansion stopped Dow from going higher. Closed the week below Y-0 and ...READ MORELawrence's Comment Recap Rallied back to Y-0 as expected and in fact back up to Y+1 in one swing. Spend the rest of the week consolidating around Y+1. Outlook The strength of ...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 MOREDow 30 Sep 21 to Sep 25 OutlookGBPUSD Mar 07 to Mar 11 OutlookIntraday Cycle Projection (EURUSD) 2022-12-263DP Odds Table (EURUSD) 2020-10-013DP Odds Table (EURUSD) 2015-03-18USDCAD Jul 11 to Jul 15 OutlookUSDJPY Jun 21 to Jun 25 OutlookPrecog Vision – Forex 2018-12-4S&P 500 Apr 16 to Apr 20 OutlookEURUSD Jan 11 to Jan 15 Outlook
As Featured In
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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