Trading Edges That Last
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Lawrence's Comment Recap Bearish down trend in force all week. 100% absolute range expansion led to a strong bounce. Closed the week near Y-1 and below midpoint. Outlook Breaking above down ...READ MORELawrence's Comment Recap Rising wedge broken and gave us Y-1 as expected. Closed the week near Y-1 and week low. Outlook The monthly resistance is now confirmed. B-0 / Y+1 very strong ...READ MORELawrence's Comment Recap Nasdaq is the week one out of the 3 indices this past week. As pointed out last week, NQ has strong resistance at Y-0. Thus after tagging that, ...READ MORELawrence's Comment Recap Gapped down to Y-2 to start the week provided the necessary fuel for Euro to run back up to Y-0. Since then all week in congestion due to the ...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 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 MORE3DP Odds Table (USDJPY) 2013-07-15Dow 30 May 23 to May 27 OutlookIntraday Cycle Projection (USDJPY) 2015-07-21GBPUSD May 09 to May 13 OutlookNasdaq 100 Dec 26 to Dec 30 Outlook3DP Odds Table (USDJPY) 2012-10-19EURUSD Jul 06 to Jul 10 OutlookS&P 500 Oct 30 to Nov 03 OutlookPrecog Vision – Forex 2020-4-27Precog Vision – Forex 2014-5-28
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USDJPY Mar 17 to Mar 21 Outlook
Lawrence’s Comment
As expected, the range is now bounded by the outside week range. Rejected previous week close, ninja simply falling back down to Y-1. Closed the week near Y-1 and week low.
Outlook
Nikkei weaknesses is one of the driving factor but situation in Ukraine is likely the most important contributing factor. Contrary to what you read in the Western news outlets. Russia this time is the one that followed international law while US violated every UN rules on the book in dealing with the situation.
Inside week. B-0 / Y-0 now strong resistance. Chart patterns suggest more downside likely.
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