Trading Edges That Last
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Lawrence's Comment Recap As expected, intervention or not, euro sold off from our resistance area down to below our target zone. Then range expansion to the downside until Y-4 is tagged. ...READ MORELawrence's Comment Recap Similar to Dow, ES ripped thru resistance zone and went straight up for days. Classic blowoff top type action. Almost tagged Y+2 and stalled. Closed the week near week ...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 Gapped down to our target zone. Then took off and retested Y-0 area. By midweek sold off and broken down below our target zone to close the week. ...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 MOREEURUSD Sep 12 to Sep 16 OutlookIntraday Cycle Projection (GBPUSD) 2013-08-01Intraday Cycle Projection (GBPUSD) 2023-01-05S&P 500 May 13 to May 17 OutlookUSDCAD Nov 13 to Nov 17 OutlookPrecog Vision – Forex 2020-4-213DP Odds Table (GBPUSD) 2011-09-19Dow 30 Sep 12 to Sep 16 OutlookPrecog Vision – Forex 2023-3-30AUDUSD Oct 15 to Oct 19 Outlook
As Featured In
GBPUSD May 25 to May 29 Outlook
Lawrence’s Comment
Pullback to support zone mentioned last week as expected. Attempt to bounce back up failed to clear 1.57 weekly resistance. Closed the week below Y-0 and midpoint.
Outlook
Inside down week with midpoints near each other is mildly bearish. It points to test of Y-1 likely. A break of Y-1 points to gap fill of the open gap below which also ends the cable weekly up trend.
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