Recap As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook 2nd inside week in place. Looking for breakout that sends cable to either B+3 or B-3. Will be patient waiting for either B+1 acting as support or B-1 acting as resistance first.
Reports from the US forex brokerages indicate that retail forex traders are quite profitable over the past few quarters. Some firms reported that they have close to 40% of their ...
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
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
Lawrence's Comment
Recap
Euro broken out to the upside after news shock. Stayed in a tight range above Y+1 since. Closed the week above Y+1.
Outlook
Critical week.
If euro can stay ...
Lawrence's Comment
Recap
Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near ...
Lawrence's Comment
Recap
As predicted last week, the pair failed to take out the resistance zone and is forced to go lower. The whole week is just 50% of the ...
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
GBPUSD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to either B+3 or B-3. Will be patient waiting for either B+1 acting as support or B-1 acting as resistance first.
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