Recap Cable reversed its down trend from exactly the level I mentioned last week and zoomed to Y+1. Very strong reaction to Y+1 bringing cable back down to Y-1. Closed the week above Y-0 and midpoint.
Outlook Short term low in place but not in daily up trend yet. This implies consolidation with messy swings inside this week’s range.
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
Bloomberg just revealed the allegation made by New York regulators against Deutsche Bank. http://www.bloomberg.com/news/2014-12-10/ny-regulator-said-to-probe-deutsche-bank-barclays-fx-algorithms.html?hootPostID=c3a0b99fe1cf5f2d282303c2f5580895 This is what you get when the bank created the bot in the first ...
Lawrence's Comment
Recap
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to ...
Lawrence's Comment
Recap
Bear flag upside breakout is a very powerful formation. It is rare thus most people reacted the wrong way in handling the situation. That's exactly what we've got last ...
GBPUSD Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Cable reversed its down trend from exactly the level I mentioned last week and zoomed to Y+1. Very strong reaction to Y+1 bringing cable back down to Y-1. Closed the week above Y-0 and midpoint.
Outlook
Short term low in place but not in daily up trend yet. This implies consolidation with messy swings inside this week’s range.
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