Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap No quick snap back up early in the week. Just drift down. End of week sudden pop back up to Y-1. Closed the week at midpoint and ...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 The selloff in the beginning of the week failed to produce a lower low to break the up trend. Rallied to new high by midweek due to ...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 Y-1 breached on 2nd try sending euro down to Y-2. Closed the week below Y-2. Outlook Weaknesses continue. As long as B-0 acts as resistance, more downside is expected.READ MOREHot n Cold (GBPUSD) 2015-3-63DP Odds Table (GBPUSD) 2023-05-02EURUSD Jul 16 to Jul 20 OutlookPrecog Vision – Forex 2012-3-153DP Odds Table (GBPUSD) 2014-07-17S&P 500 Oct 24 to Oct 28 OutlookPrecog Vision – Forex 2020-6-83DP Odds Table (GBPUSD) 2012-05-093DP Odds Table (GBPUSD) 2019-07-22EURUSD Nov 28 to Dec 02 Outlook
As Featured In
GBPUSD Feb 28 to Mar 04 Outlook
Lawrence’s Comment
Test of Y+1 and failed, sell back down to Y-0. Bounced off Y-0 and retest Y+1 again. The new low breaking the low made earlier in the week points to further weaknesses. The week ended with a bounce off the first week low of the month.
Outlook
Closing a month within the initiation range implies uncertainty or balance. Thus revising B-0 is very likely early next week.
Due to the balanced nature, it will take the first week of March to be completed before we can tell the direction more clearly.
Share