Trading Edges That Last
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Lawrence's Comment Recap Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low. Outlook Inside week down close. Bearish ...READ MORELawrence's Comment Recap Tried to bottom out at 1.0 and failed. Closed the week below 1.0 and at the low of the week. Outlook As mentioned last week, loonie is sitting at ...READ MORELawrence's Comment 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. ...READ MORELawrence's Comment Recap B-0 did not act as support earlier in the week. After breaking below Y-1, no more long interest showing up. A flush to below Y-2 by end ...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 in the beginning of the week triggered the bearish scenario. Pullback to Y-0 as mentioned last week. Closed the week near week mid. Outlook Overall weekly uptrend intact. ...READ MOREPrecog Vision – Forex 2018-3-1GBPUSD Sep 29 to Oct 03 OutlookUSDCAD Feb 06 to Feb 10 OutlookGBPUSD Mar 04 to Mar 08 OutlookAUDUSD Aug 20 to Aug 24 Outlook3DP Odds Table (GBPUSD) 2019-10-073DP Odds Table (GBPUSD) 2021-09-213DP Odds Table (GBPUSD) 2014-07-15Precog Vision – Forex 2017-11-27S&P 500 Mar 26 to Mar 30 Outlook
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GBPUSD May 18 to May 22 Outlook
Lawrence’s Comment
Cable holding previous week close early in the week started a breakout until 100% absolute range expansion is reached. Closed the week near Y+2 and above midpoint.
Outlook
This last push higher clearing 1.56 was a major stop run. This makes the rally unstable and a pullback to B-0 / Y+1 is likely.
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