Recap Uptrend intact in beginning of the week gave us the Y+2 target. Then violent takedown breached Y-0 key up channel support. Waterfall effect brought cable straight down to Y-3 and below. Closed the week near Y-3 and below midpoint.
Outlook A bounce to Y-2 / B-0 is in the making as long as B-1 acts as support. Potential 3 pushes down on 4 hour in the making.
Lawrence's Comment
Recap
Minimal pullback to Y-0 and then ES simply took off. One of the strongest NFP week in recent months. Closed the week above Y+3 and near week high.
Outlook
Low volume ...
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
Intervention at its finest - by rumors. No one even dare to touch euro in 2nd half of the week allowing it to drift higher all the ...
Lawrence's Comment
Recap
ES setup from the week before last was so strong it carries itself higher while NQ digging at the bottom of its range. ES eventually gave in after a ...
GBPUSD Aug 31 to Sep 04 Outlook
Lawrence’s Comment
Uptrend intact in beginning of the week gave us the Y+2 target. Then violent takedown breached Y-0 key up channel support. Waterfall effect brought cable straight down to Y-3 and below. Closed the week near Y-3 and below midpoint.
Outlook
A bounce to Y-2 / B-0 is in the making as long as B-1 acts as support. Potential 3 pushes down on 4 hour in the making.
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