Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Very nice rally off the support zone mentioned last week. Rally until 100% absolute range expansion completed. Y+2 rejected leading to a drop back down to Y+1. Closed the ...READ MORELawrence's Comment Recap As mentioned last week, a bounce from Y-1 was expected but it failed to tag Y+1. Closed the week below midpoint and Y-0. Outlook B-2 is next downside target. The less ...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 MOREHot n Cold (USDJPY) 2011-4-5Nasdaq 100 Jul 28 to Aug 01 OutlookUSDCAD Apr 18 to Apr 22 Outlook3DP Odds Table (USDJPY) 2017-08-04Precog Vision – Forex 1899-12-30Intraday Cycle Projection (USDJPY) 2019-06-06S&P 500 May 01 to May 05 OutlookIntraday Cycle Projection (USDJPY) 2011-07-06Hot n Cold (USDJPY) 2017-9-8USDCAD Mar 07 to Mar 11 Outlook
As Featured In
USDJPY Nov 26 to Nov 30 Outlook
Lawrence’s Comment
Continued with the march to above 82. Y+2 tagged with mild pullback. Closed the week below Y+2 and above midpoint.
Outlook
Next upside target is 86. Ninja is at a critical juncture. US uses devaluation of US dollar to mask out its problems from showing in the stock markets. The rise of dollar from past 2 months really hurting the stock market significantly. There is very strong incentive for those who are in control to suppress US dollar from going higher. Any news shock that drives US dollar higher will allow this pair to tag 86 quickly.
Must hold B-1 for the swing long to continue.
Share