Trading Edges That Last
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Lawrence's Comment Recap What normal up drift? That bias was thrown out of the window right on Monday. Wednesday gapped higher and that defined the high of the week. Tagged ...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 Got the FBO against Y+1 mentioned last week. Tagged Y-3 as expected. The easiest play last week. Closed the week near week low and above Y-3. Outlook As long as B-0 ...READ MORELawrence's Comment Recap The outside week setup did not produce a direction for us. Instead, Aussie pushed all the way back up and consolidated within Y-1 to Y+1. Y-0 did not act ...READ MORELawrence's Comment Recap As expected the consolidation led to further weaknesses and that the downside target of Y-2 was tagged. Aussie went sideway since. Closed the week near Y-2 and below midpoint. ...READ MORES&P 500 Dec 31 to Jan 04 OutlookIntraday Cycle Projection (EURUSD) 2015-09-08Precog Vision – Forex 2018-11-28USDCAD Sep 09 to Sep 13 OutlookUSDJPY Jan 16 to Jan 20 OutlookHot n Cold (EURUSD) 2012-5-9AUDUSD Jul 22 to Jul 26 Outlook3DP Odds Table (EURUSD) 2013-12-16Nasdaq 100 Nov 27 to Dec 01 OutlookAUDUSD Dec 22 to Dec 26 Outlook
As Featured In
EURUSD Nov 26 to Nov 30 Outlook
Lawrence’s Comment
Y-0 acted as support since the start of the week and a spike down from Y+1 failed to clear that resulting in a very powerful short squeeze. Y+3 cleared by Friday when trading was very thin due to Thanksgiving holiday. Closed the week near week high above Y+3.
Outlook
As suspected in past 2 weeks, 1.26 is so critical that it is defended with all out news on deals after deals to delay the inevitable. This week if euro fails to close above B-0, it will be a confirmed FBO and we will get a quick flush back down to B-2 in weeks to follow.
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