Recap Opened the week below Y-1 and struggled around Y-1 since. By end of the week, cable can no longer hold the price level and flushed down to almost Y-2. Closed the week near week low and below Y-1.
Outlook Potential flush low in the making. If cable can hold B-2 and snap back up to above Y-1 on 4 hour close basis, a quick run up will take cable back up to B+3.
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
Resistance zone mentioned last week capped initial push higher early in the week. Flushed below Y-1 without tagging Y-2 staged the slingshot move expected. Closed the week above Y+1 ...
Lawrence's Comment
Recap
ES dropped in sync with Dow and NQ.
Outlook
See comments on Dow. Somehow in crisis / panic mode, the Dow chart is providing the cleanest swings out of ...
ContentReviewEuro Not Able To Break Its Weekly Down Trend YetS&P Forming a Rare PatternGold Bulls Have a Tight Schedule to MeetBitcoin Buying Time Before Next Move10-Year Note Yield Downside Pressure ...
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
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
No major selloff. Just consolidation around Y-1 with spikes to Y-0 that failed to go higher. Closed the week below Y-1.
Outlook
Still within the context of a pullback. ...
GBPUSD Mar 04 to Mar 08 Outlook
Lawrence’s Comment
Opened the week below Y-1 and struggled around Y-1 since. By end of the week, cable can no longer hold the price level and flushed down to almost Y-2. Closed the week near week low and below Y-1.
Outlook
Potential flush low in the making. If cable can hold B-2 and snap back up to above Y-1 on 4 hour close basis, a quick run up will take cable back up to B+3.
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