Trading Edges That Last
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Lawrence's Comment Recap Unlike Dow, no strong pullback registered. As expected, NQ is the strongest of the 3 indices hence it consolidated around Y+1 area. Closed the week near week ...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 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 MORENasdaq 100 Mar 26 to Mar 30 Outlook3DP Odds Table (EURUSD) 2012-09-263DP Odds Table (EURUSD) 2011-11-18Precog Vision – Forex 2023-5-2AUDUSD Apr 04 to Apr 08 OutlookGBPUSD May 22 to May 26 OutlookPrecog Vision – Forex 2018-2-19Intraday Cycle Projection (EURUSD) 2019-07-03Precog Vision – Forex 2012-2-10Weekly Cycle Projection (EURUSD) 2020-08-03
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EURUSD Nov 12 to Nov 16 Outlook
Lawrence’s Comment
Went lower as expected. Violent challenge of Y-1 from below failed and gave as 1.27 by end of the week. Closed the week below Y-2 and near week low.
Outlook
Bearish with a potential surprise squeeze in the making. 4 Hour chart showing classic downside wedge in the making, once the resistance line is broken to the upside will force euro back up to target zone of B+1.
As long as euro fails to clear that and B-0 / Y-1 resistance area, 1.26 downside target from last week still in play.
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