Recap Continuation sell down to Y-2 yet failed to produce a bounce. Breaking below Y-2 gave us Y-3. Closed the weekbelow Y-2 and midpoint.
Outlook Stop hunting move once Y-2 was breached as the range expansion is 100% of the range of the week before the break down. Ninja dropped to its monthly support. A drift back up to Y-2 / B-0 likely. Retest of B-1 also likely.
For 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 schedule
For 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 schedule
Lawrence's Comment
Recap
Unlike Dow or S&P, NQ was forced to breakout upside when both Dow and S&P both moving up strongly. It has been a long while since last ...
For 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 schedule
Recap of last week Flush to target red zone 1.31 right off the start of the week. Then a reversal started mid week that retested the original target zone ...
Lawrence's Comment
Recap
Tried to reverse early last week from Y+1 but a higher low was formed instead. The retest of Y+1 resulted in a breach of the level and ...
USDJPY Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Continuation sell down to Y-2 yet failed to produce a bounce. Breaking below Y-2 gave us Y-3. Closed the weekbelow Y-2 and midpoint.
Outlook
Stop hunting move once Y-2 was breached as the range expansion is 100% of the range of the week before the break down. Ninja dropped to its monthly support. A drift back up to Y-2 / B-0 likely. Retest of B-1 also likely.
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