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 Strongest among the big 3 indices. FBO Monday, this time NQ can no longer gap up to force a breakout to the upside. Hence normal selloff back down to ...READ MORELawrence's Comment Recap B+1 resistance together with low volume gave us consolidation actions all week. Closed the week near Y+1 and above midpoint. Outlook Sideway actions with a weak upside triangle formation ...READ MORELawrence's Comment Recap Above 1.12 resistance continues to cap the upside for euro. Test of Y+1 dropped euro back down to below 1.12 quickly. Closed the week above Y-0 and midpoint. ...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 Consolidation play around Y-1 then wild swings due to news shocks later in the week. Closed the week below Y-0 and near week high. Outlook Cable anchored itself to ...READ MOREPrecog Vision – Forex 2017-11-22Intraday Cycle Projection (AUDUSD) 2012-01-03Nasdaq 100 Aug 12 to Aug 16 OutlookNasdaq 100 Aug 15 to Aug 19 OutlookEURUSD Jun 15 to Jun 19 OutlookPrecog Vision – Forex 2012-12-31Intraday Cycle Projection (AUDUSD) 2011-12-21Nasdaq 100 Feb 15 to Feb 19 OutlookIntraday Cycle Projection (AUDUSD) 2018-08-23GBPUSD Jun 20 to Jun 24 Outlook
As Featured In
AUDUSD Sep 29 to Oct 03 Outlook
Lawrence’s Comment
Sold off straight down to Y-2 target opened the door to Y-3. Stair step action going down until 100% absolute range was reached. Closed the week below Y-2 and near week low.
Outlook
Weaknesses in gold contributed to the weaknesses in Aussie. This kind of wedging action cannot last though. Once Aussie can move above B-0 and turn that into support, it can easily tag B+2 in 1 go.
Share