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 MORE
Lawrence's Comment Recap Cable continued matching upward and cleared Y+2. It did not stop until 1.63 was tagged. 1-2-3 sell pushed it back down to the low of the week. Closed ...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 Was looking for a break of Y-1 and then a slide down to Y-3. Did not happen. No clean break down. Just a consolidation week around Y-1. Closed the ...READ MORELawrence's Comment Recap Like NQ, gapped above Y+1 and immediately dropped back down. The FBO gave us at least Y-0 as target and indeed that was tagged before a huge ...READ MOREPrecog Vision – Forex 2014-4-23Precog Vision – Forex 2017-9-5S&P 500 Aug 01 to Aug 05 OutlookGBPUSD Dec 24 to Dec 28 OutlookPrecog Vision – Forex 2021-12-21USDCAD May 06 to May 10 OutlookWeekly Cycle Projection (GBPUSD) 2020-08-10EURUSD Apr 29 to May 03 OutlookIntraday Cycle Projection (GBPUSD) 2016-12-01S&P 500 Dec 10 to Dec 14 Outlook
As Featured In
GBPUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Sold off in the beginning of the week. Bounced off fib level (see USDCAD comment) and rallied all the way up to 200% absolute range expansion target. Ended the week stuck at the top part of the week`s range.
Outlook
Unlike the metal currencies, cable is showing clear intention of holding above Y+1 and to go higher. Breaking above B+1 means B+2 and B+3 in play.
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