Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Wait and see mode last week on euro. Strong breakdown move happened after a deal with Greece failed. Closed the week below Y-1 and near week low. Outlook As ...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 Rallied a bit more to the upside and fulfilled the upside target as mentioned last week. News shock later in the week sent cable back down to ...READ MOREPrecog Vision – Forex 2013-4-29Nasdaq 100 Dec 06 to Dec 10 OutlookEURUSD Sep 25 to Sep 29 OutlookEURUSD Jun 29 to Jul 03 OutlookPrecog Vision – Forex 2019-3-53DP Odds Table (USDCAD) 2012-03-30Weekly Cycle Projection (USDCAD) 2021-06-14GBPUSD May 30 to Jun 03 OutlookIntraday Cycle Projection (USDCAD) 2011-12-07GBPUSD Jun 25 to Jun 29 Outlook
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USDCAD Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Bull flag pullback follow with test of Y+1. Strong reaction against Y+1 yet holding the bull flag resistance / channel top. Closed the week near Y+1 and above midpoint.
Outlook
Consolidation week with 50% range and close near Y+1 is mildly bullish. Main issue is that there is a lot of money at stake around this level for which a breakout to the upside means 1.35 and 1.40 in play. The longer term players will determine the outcome. Day traders should focus on hourly and lower timeframes to ride along with the big boys.
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