Trading Edges That Last
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Lawrence's Comment Recap Aussie consolidated in tight range. First drift up was met with sellers right above Y-0. stuck in tight range since. Closed the week below Y-0 and near midpoint. Outlook Inside week. ...READ MORELawrence's Comment Recap Y-0 acted as support as expected and a double bottom was formed late in the week to break the Y+1 resistance. Outlook As long as B-0 to Y+1 acts as ...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 attempted rally from the beginning of the week met with resistance from the week low zone prior to last week. Yet the selloff failed to break below ...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 MOREGBPUSD Nov 08 to Nov 12 OutlookAUDUSD Feb 03 to Feb 07 OutlookHot n Cold (GBPUSD) 2018-4-6AUDUSD Jun 06 to Jun 10 OutlookIntraday Cycle Projection (GBPUSD) 2016-07-18USDJPY Oct 26 to Oct 30 OutlookIntraday Cycle Projection (GBPUSD) 2016-07-20Precog Vision – Forex 2014-7-4USDCAD Jul 11 to Jul 15 OutlookPrecog Vision – Forex 2021-5-24
As Featured In
GBPUSD Jul 29 to Aug 02 Outlook
Lawrence’s Comment
Cable popped higher first before pullback gave it a chance to stay above Y+1. That paved the way for cable to tag Y+2. Closed the week above midpoint and Y+1.
Outlook
Tight range week. Rising wedge from the week before last turned into an upchannel. Such structure do not last. A break of B-1 will send cable back down to B-3 and lower easily.
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