Trading Edges That Last
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Lawrence's Comment Recap As explained last week, do not confuse volatility as strength. Y-0 breached quickly led to Y-1 test in play. Y-0 turned into resistance since. Y-1 could not even stop ...READ MORELawrence's Comment Recap Similar jawboning and again 1.35 defended in an ugly fashion. Surprise jump higher squeezed euro above Y-0 by the end of the week. Closed the week above Y-0 and ...READ MOREDow 30 Jan 01 to Jan 05 OutlookAUDUSD Aug 31 to Sep 04 OutlookPrecog Vision – Forex 2013-12-18Weekly Cycle Projection (GBPUSD) 2011-10-31Intraday Cycle Projection (GBPUSD) 2015-08-31Hot n Cold (GBPUSD) 2018-3-30EURUSD Jul 20 to Jul 24 OutlookEURUSD Dec 20 to Dec 24 OutlookDow 30 Jul 26 to Jul 30 OutlookEURUSD Feb 10 to Feb 14 Outlook
As Featured In
GBPUSD Oct 20 to Oct 24 Outlook
Lawrence’s Comment
As expected, 2-way big swings ended up going nowhere. Started the week pushing against Y-0 and failed. cable dropped until 100% absolute range expansion was reached. Bounced back to the pre-flush price and immediately swinged back down to the the low. Yet, cable held the low and took off. Closed the week near Y-0 and above midpoint.
Outlook
The 2-way swing has produced a bottom-like formation but not strong enough to produce a bullish close. This implies cable has to defend Y-1 / B-0 this week or B-1 and below will be in play.
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