Trading Edges That Last
- You May Also LikeFor 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 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 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 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 MORE
Lawrence's Comment Recap Pullback as expected but not the consolidation type. First move back down to Y-0 pierced thru decisively triggered the Y-1 target. Eventually price moved near Y-1 and bounced. Closed ...READ MORELawrence's Comment Recap Y-0 resistance sent Aussie down to Y-2 target. Channel formation in place sending Aussie down to Y-3 where the channel bottom is. Closed the week near Y-2 and below ...READ MORELawrence's Comment Recap Waiting mode in the beginning of the week for Bank of Canada rate decision. The announcement induces the pair to break below its tight range and eventually ...READ MORELawrence's Comment Recap Tried twice to break Y-1 and failed. Once Y-0 was cleared, a reversal is in place for a run back upto at least Y+1. Y+1 and Y+2 was taken ...READ MORENasdaq 100 Nov 07 to Nov 11 OutlookPrecog Vision – Forex 2019-10-7Precog Vision – Forex 2023-2-13Precog Vision – Forex 2017-4-21Precog Vision – Forex 2012-3-9USDCAD Oct 13 to Oct 17 OutlookNasdaq 100 Jun 13 to Jun 17 OutlookAUDUSD Nov 02 to Nov 06 OutlookUSDCAD Dec 10 to Dec 14 OutlookGBPUSD Apr 29 to May 03 Outlook
As Featured In
GBPUSD Jan 07 to Jan 11 Outlook
Lawrence’s Comment
The slight weekly bias towards the upside gave cable a boost to Y+3. Then fiscal cliff deal changed everything sending cable back down to Y-2. Closed the week near week low and below Y-1.
Outlook
Cable hammered a short term high in place. As long as B-0 upto Y+2 stays as resistance cable should trade lower in coming weeks. Looking for swing trade opportunities to the downside.
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