Trading Edges That Last
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Lawrence's Comment Recap Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near week ...READ MORELawrence's Comment Recap First half of the week playing out perfectly like a normal 50% range consolidation around Y-1. Then FOMC announcement changed everything. The upside breakout of the tight range gave ...READ MORELawrence's Comment Recap As expected, Canadian dollar consolidated around Y-1 with downside bias. Closed the week around Y-1 and below midpoint. Outlook No strong directional bias because loonie is so close to par level ...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 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 MOREDow 30 Jul 27 to Jul 31 OutlookWeekly Cycle Projection (GBPUSD) 2017-10-163DP Odds Table (GBPUSD) 2011-12-09Dow 30 Jun 23 to Jun 27 Outlook3DP Odds Table (GBPUSD) 2017-09-07USDCAD Jun 17 to Jun 21 OutlookUSDCAD Jan 25 to Jan 29 Outlook3DP Odds Table (GBPUSD) 2019-01-30Precog Vision – Forex 2022-12-7Precog Vision – Forex 2014-3-25
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GBPUSD Oct 01 to Oct 05 Outlook
Lawrence’s Comment
Slow pullback / consolidation as expected. Closed near Y-1 below midpoint.
Outlook
End of the week sharp reversal points to strong resistance around B+1 area. There is no real support in cable until B-2 area. As long as B-0 is acting as resistance, there is no reason to be bullish.
A slide to B-2 is expected.
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