Trading Edges That Last
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ContentReviewEuro Too Weak to Find a BottomS&P Correction ContinuesGold Taking a PauseBig Picture SummaryReviewEuro continue to print lower lows as expected.S&P break of 2940 gave us the drop expected. Target ...READ MORELawrence's Comment Recap As mentioned last week cable was not strong enough to produce a bullish close hence it has to deal with a pullback first. We got the pullback after the ...READ MORELawrence's Comment Recap No trend as expected. Y-1 acted as support and gave us a drift up until 100% absolute range expansion was reached. Closed the week above Y-0 and midpoint. ...READ MORELawrence's Comment Recap One of the most tricky weeks in these few years. First, in beginning of the week swinging around Y-0. Gapped to Y+1 and traded above. The gapped back down ...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 MOREMBO Issue 94 (Oct 2019) The ShowdownGBPUSD Oct 27 to Oct 31 Outlook3DP Odds Table (USDJPY) 2012-10-09Dow 30 Feb 10 to Feb 14 OutlookUSDCAD Jul 11 to Jul 15 OutlookNasdaq 100 Jan 28 to Feb 01 OutlookPrecog Vision – Forex 2021-6-23DP Odds Table (USDJPY) 2014-10-153DP Odds Table (USDJPY) 2020-04-13AUDUSD May 24 to May 28 Outlook
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USDJPY Apr 28 to May 02 Outlook
Lawrence’s Comment
As expected the test of Y+1 has failed. Minimal target at Y-0 was tagged. But the pullback was very slow. Closed the week above Y-0 and below midpoint.
Outlook
Similar to other majors, the anticipation of war has crippled normal trading activities. Should the situation in Ukraine get worse, the flight to safety action will be triggered, implying a sudden boost of strength in US dollar across the board. That gives speculative traders an excuse to keep buying US dollar and euro.
Chart pattern suggests that once ninja can trade above B-0, it will be able to clear B+1 easily with B+2 target.
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