Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap News shock over weekend helped Dow to open above Y-0 which ignited a squeeze to the crime scene where the previous breakdown started. Bad news hit the next day ...READ MORELawrence's Comment Recap Lower open did not breach the breakout boundary. Yet first try to go higher stalled below Y+1. Successfully defended defended week low leading to upside breakout to Y+2. Closed ...READ MORELawrence's Comment Recap Consolidated around Y+1 until Y+1 turning into support. Moved higher until 50% previous week range established. Closed the week above Y+1 and midpoint. Outlook Above B+1 likely. FBO against ...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 MORENasdaq 100 May 18 to May 22 OutlookDow 30 Aug 17 to Aug 21 OutlookUSDCAD Aug 13 to Aug 17 OutlookIntraday Cycle Projection (USDCAD) 2022-05-16AUDUSD Jan 06 to Jan 10 OutlookAUDUSD Mar 14 to Mar 18 Outlook3DP Odds Table (USDCAD) 2017-01-173DP Odds Table (USDCAD) 2017-10-16Precog Vision – Forex 2018-8-31USDJPY Nov 16 to Nov 20 Outlook
As Featured In
USDCAD Nov 10 to Nov 14 Outlook
Lawrence’s Comment
Bullish bias for Y+1 retest turns into continuation run up to Y+2. 100% abolute range expansion stopped the run. Closed the week near Y+1 and below midpoint.
Outlook
The turnaround was mainly driven by strength in gold. B-1 / Y+1 zone strong support. Until that is broken we have to assume a renewal of the up trend on daily is in the making.
Share