Trading Edges That Last
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Lawrence's Comment Recap Trapped inside previous week range until news shock. FBO on 4 hour against breakout upside boundary. Closed the week above Y-0 and midpoint. Outlook FBO setup points to potential ...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 FBO against Y-1 gave us Y-0 test. Y-0 could not stop cable from going higher and turned into stop run. Cable essentially moved back to the crime scene where ...READ MORELawrence's Comment Recap Most messed up index among the big 3. Held a higher low right from the start of the week and zoomed higher. Then news shock help ES ...READ MORELawrence's Comment Recap Bearish bias on euro pays off. Euro could not hold previous week close and fell back down to Y-0. Not much bounce was observed when euro continue to drop ...READ MOREPrecog Vision – Forex 2011-12-2AUDUSD Jun 22 to Jun 26 OutlookPrecog Vision – Forex 2015-8-26GBPUSD Mar 31 to Apr 04 OutlookIntraday Cycle Projection (GBPUSD) 2023-01-02Intraday Cycle Projection (GBPUSD) 2017-02-10Weekly Cycle Projection (GBPUSD) 2017-03-06Intraday Cycle Projection (GBPUSD) 2012-03-06S&P 500 Oct 22 to Oct 26 OutlookEURUSD Jun 16 to Jun 20 Outlook
As Featured In
GBPUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Rallied back to Y-0 as expected and in fact back up to Y+1 in one swing. Spend the rest of the week consolidating around Y+1.
Outlook
The strength of the pair is clear and a retest of B+1 is very likely early next week. As the first week of March is tight range, if it breaks out to the upside, Y+3 (not shown) target in play.
A w. upthrust against B+1 is a less likely scenario and that will force the pair to move back down to Y-0 to B-1 area.
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