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 Consolidation within Y-0 and Y-1 as mentioned last week. There was this w. spring against B-1, however, and started the rally with enough power to break above ...READ MORERecap of last week First 2 days of the week happened to be the last 2 trading days for the month of November. On that last trading day 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 MORE3DP Odds Table (EURUSD) 2012-01-13Precog Vision – Forex 2011-8-29AUDUSD Feb 21 to Feb 25 OutlookGBPUSD Mar 14 to Mar 18 Outlook3DP Odds Table (EURUSD) 2016-01-01Intraday Cycle Projection (EURUSD) 2016-03-08S&P 500 Week of Dec 6th to DecHot n Cold (EURUSD) 2012-9-6Precog Vision – Forex 2023-1-4USDCAD Apr 05 to Apr 09 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.
Share