Trading Edges That Last
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Lawrence's Comment Recap Y+1 was breached quickly in first half of the week invalidated the bearish bias. The door to Y+2 was opened since. Y+2 tagged eventually at the end of 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 Breakout happened although it is not towards the downside. Same drill with Y+3 normal breakout target tagged and consolidated around that since. Closed the week below Y+3 and above ...READ MORELawrence's Comment Recap Last week's warning that once Y-0 failed to act as support, Dow has no support until 12500. There it was. Sold off to 12500 and took off. ...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 Jul 07 to Jul 11 OutlookPrecog Vision – Forex 2019-9-4USDCAD Oct 02 to Oct 06 OutlookAUDUSD Feb 10 to Feb 14 OutlookDow 30 Jul 30 to Aug 03 Outlook3DP Odds Table (EURUSD) 2014-04-02Intraday Cycle Projection (EURUSD) 2018-11-09Intraday Cycle Projection (EURUSD) 2017-07-10Precog Vision – Forex 2023-4-13USDCAD Jul 06 to Jul 10 Outlook
As Featured In
EURUSD May 27 to May 31 Outlook
Lawrence’s Comment
Euro held the close from the week before last and drifted up slowly. It cleared Y-0 and tried to zoom higher. Then the news shock came and sent it all the way back down to week low. Still refused to go lower, Euro rallied back up to week high again. Closed the week above midpoint and Y-0.
Outlook
Inside week with Y-0 and B-0 near each other. Clearly compression in progress. Breakout play in the making. Since euro was trending down, it favours a push down to Y-1 first. A break of Y-1 points to B-2 and below quickly. Holding Y-1 can lead to potential whiplash move back to Y+1.
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