Trading Edges That Last
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Lawrence's Comment Recap As expected the squeeze driven rally did not last. Sharp pullback below Y-0 to close the open gap below happened first. Since then renew buying took Dow to Y+2 ...READ MORELawrence's Comment Recap Exactly as expected - failed to clear Y-0 and flushed to Y-2. Closed the week below Y-1. Outlook Still trapped inside the down channel. Second half of the week ...READ MORELawrence's Comment Recap NQ is the weak one last week. It follows the NFP playbook as well but it just cannot get through the 2800 round number. Like Dow, NQ bottomed on ...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 Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and 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 MOREDow 30 Feb 29 to Mar 04 Outlook3DP Odds Table (EURUSD) 2014-03-21AUDUSD May 28 to Jun 01 OutlookNasdaq 100 Mar 11 to Mar 15 OutlookPrecog Vision – Forex 2017-3-2GBPUSD May 10 to May 14 OutlookPrecog Vision – Forex 2022-1-18Dow 30 Jul 27 to Jul 31 Outlook3DP Odds Table (EURUSD) 2012-09-28Precog Vision – Forex 2014-6-24
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EURUSD Nov 25 to Nov 29 Outlook
Lawrence’s Comment
Euro did the whiplash move after FBO against the resistance zone mentioned last time. Euro dropped quickly but 1.34 round number somehow provided support. Euro drifted back up since. Closed the week above Y+1 and midpoint.
Outlook
Euro closed within the breakout range points to indecision. The resistance was rejected decisively. Euro should not be able to climb back up to the same zone so easily.
Hands off on this pair until I get a better picture this week.
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