Trading Edges That Last
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Lawrence's Comment Recap Trapped in same range as in past several weeks. Then downside breakout happened. Closed the week near Y-1 and below midpoint. Outlook For the breakout to continue, Y-1 must ...READ MORELawrence's Comment Recap As expected, Canadian dollar consolidated around Y-1 with downside bias. Closed the week around Y-1 and below midpoint. Outlook No strong directional bias because loonie is so close to par level ...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 Warned about intervention since beginning of the year. Here we go again - some did all they can to support the low grade bonds, spreading rumors of solutions ...READ MOREPrecog Vision – Forex 2018-12-53DP Odds Table (GBPUSD) 2017-12-18GBPUSD Aug 10 to Aug 14 OutlookWeekly Cycle Projection (GBPUSD) 2016-05-23USDCAD Jun 17 to Jun 21 OutlookIntraday Cycle Projection (GBPUSD) 2017-09-183DP Odds Table (GBPUSD) 2022-02-283DP Odds Table (GBPUSD) 2021-11-26Precog Vision – Forex 2012-5-14EURUSD Jan 23 to Jan 27 Outlook
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GBPUSD Apr 20 to Apr 24 Outlook
Lawrence’s Comment
Everything changed over the weekend in Europe. Cable found support at Y-1 and forced a test of Y-0. That in turn provided fuel for cable to clear Y-0 gunning for Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Outside week reversal against the just established down trend indicates many people are caught on the wrong side of the market. Now Y-0 / B-0 strong support with this week consolidation at 50% week range likely.
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