For 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 schedule
A collection of the time based statistical biases for trading Forex majors. A useful reference if you are not already familiar with the time based trading techniques.
Time Map is the ...
Lawrence's Comment
Recap
Aussie capped by monthly level resistance while finding support at weekly level. Hence trapped within Y-1 and Y+1. Closed the week below Y-0 and midpoint.
Outlook
Breakout mode with ...
Lawrence's Comment
Recap
Opened the week below previous week low (Y-1) and spring back up. Gap up next to clear the previous week midpoint pointed to test of previous week ...
EURUSD Oct 27 to Oct 31 Outlook
Lawrence’s Comment
As expected euro is too weak to hold onto its gains. Flushed back down to Y-1 and stuck there. Closed the week below Y-0 and midpoint.
Outlook
4 Hour bear flag in place. Y-0 / B-0 strong resistance above. A drop to B-2 is likely if euro breaks B-1 without tagging B-0 first.
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