Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Sudden reversal as expected. Breaking below Y-0 gave us Y-1. 100% absolute range expansion stopped the drop and another sudden reversal by US NFP report. Closed the week below ...READ MORELawrence's Comment Recap Sideway consolidation around previous week close until Mrs. Yellen comment time. Collapsed lower until 100% of consolidation range. Closed the week near Y-1 and week low. Outlook Inside week ...READ MORELawrence's Comment Recap Y-0 acted as support, breakout to the downside. Y-2 tagged late in the week. Closed the week near Y-2 and week low. Outlook Weaknesses continue as expected but not as weak ...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 MORELawrence's Comment Recap Y-1 and below proven strong support led to strong rally back up to the crime scene before the break down from the week before last. Since then Aussie stalled. ...READ MOREGBPUSD Jun 06 to Jun 10 OutlookEURUSD Aug 29 to Sep 02 OutlookUSDCAD Aug 02 to Aug 06 OutlookNasdaq 100 May 07 to May 11 OutlookHot n Cold (USDCAD) 2015-3-27GBPUSD Mar 24 to Mar 28 OutlookPrecog Vision – Forex 2016-7-29Hot n Cold (USDCAD) 2012-9-26Precog Vision – Forex 2013-5-24AUDUSD May 11 to May 15 Outlook
As Featured In
USDCAD May 20 to May 24 Outlook
Lawrence’s Comment
Y-0 acted as support as expected and Y+2 upside target tagged early in the week. Then Y+1 acting as support gave us a go for Y+3. Closed the week near week high and below Y+3.
Outlook
Weaknesses in gold helped the reversal going higher here. The last part of the up run was classic stop run so a retest of Y+2 / B-0 is likely. Consolidation with mild downside bias.
Share