Trading Edges That Last
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Lawrence's Comment Recap A forced rally early in the week due to the bull trap from gold tagged Y+2 but it did not last. The dirty bottom at Y-1 was retested as ...READ MORELawrence's Comment Recap Just like NQ, ES gave us a surprise run to challenge its year high early in the week. The interesting development, however, was that it developed a bearish ...READ MORELawrence's Comment Recap Stayed strong since beginning of the week and zoomed to almost tagging my target of Y+2. Closed the week near Y+1 and midpoint. Outlook Last week was a variation of consolidation ...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) 2017-09-20Intraday Cycle Projection (EURUSD) 2012-03-27Hot n Cold (EURUSD) 2016-2-26Intraday Cycle Projection (EURUSD) 2020-03-31AUDUSD Nov 25 to Nov 29 OutlookS&P 500 Apr 09 to Apr 13 OutlookUSDJPY Jan 01 to Jan 05 Outlook3DP Odds Table (EURUSD) 2022-06-02AUDUSD Jan 14 to Jan 18 OutlookPrecog Vision – Forex 2022-10-7
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EURUSD Sep 19 to Sep 23 Outlook
Lawrence’s Comment
No further sell off, just jawboning from ECB and Fed to pop the pair. It is expected and obviously has been sold into at Y-0. Closed the week above midpoint and Y-1.
Outlook
Although Y-0 has been rejected, it does not mean that ECB will give up shocking the market again. Having euro drops to nothing has been the hidden agenda of ECB but it has been crippled by the actions from Fed.
The current situation is giving ECB the perfect excuse to let euro slides down to 1.3 or lower price level.
The only thing standing between that from happening is Fed. Since both ECB and Fed are going to be busy this week (meetings, announcements, etc.) it is not a good idea to stand between these two opposite forces. Stay away from the pair is probably a good idea.
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