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 Consolidation around Y-1 with Y-0 resistance. FOMC announcement sent Euro higher until 100% absolute range expansion. Closed the week near Y-0 and above midpoint. Outlook Until B+1 acting 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 Euro was dragged below 1.36 finally. However, no spectacular reversal or major melt down from tagging 1.36. Closed the week above Y-1 and near midpoint. Outlook As long as B-1 holds, ...READ MOREPrecog Vision – Forex 2020-9-10Dow 30 Jun 11 to Jun 15 OutlookEURUSD Sep 26 to Sep 30 OutlookIntraday Cycle Projection (USDJPY) 2016-05-17Intraday Cycle Projection (USDJPY) 2015-08-11Precog Vision – Forex 2017-8-243DP Odds Table (USDJPY) 2016-09-20Hot n Cold (USDJPY) 2019-3-8EURUSD Jun 02 to Jun 06 OutlookS&P 500 Feb 27 to Mar 03 Outlook
As Featured In
USDJPY Dec 17 to Dec 21 Outlook
Lawrence’s Comment
Upside breakout. Just like any normal breakout, it got the normal target of Y+3 and pullback since. Closed the week near Y+2 and above midpoint.
Outlook
Election result is in and that the newly elected party has a mandate to print a lot more money (what an irony that the party is a conservative one). In short term it will further weaken yen and probably sending it to long term target 86-88 zone.
So, looking for long only until a weekly reversal happens.
Share