Recap Test of the support zone mentioned last week as expected. Support held up well and gave us a push to Y+2. Closed the week near Y+2 and week high.
Outlook Measured move upside target reached from the run started 3 weeks ago. 1.14 is key price level for weekly to break the down trend. A spike reversal next week against B+1 will give us Y+1 / B-0.
Lawrence's Comment
Recap
Bearish expectation played out nicely. NQ simply failed to clear previous week close and dropped from there back down to Y-0. Once Y-0 is cleared, it turned into all ...
Lawrence's Comment
Recap
Cable simply bottom out at Y-1 and rallied to Y-0 as expected. Went sideway since and holding the week mid at the time before took off again to tag ...
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Lawrence's Comment
Recap
Y+1 test rejected. Cable slided back down to Y-0 eventually.Closed the week below Y-0 and near week low.
Outlook
Upside rejected decisively. Y-0 / B-0 strong resistance unti proven ...
Lawrence's Comment
Recap
As mentioned last week, it would be a difficult ride down. Monday broken down only resulted in an all out squeeze back up in last hour. Then ...
Lawrence's Comment
Recap
This pair just stuck at a tight range all week. The break and flush near end of week did not produce a run as it bounced back up ...
EURUSD Aug 24 to Aug 28 Outlook
Lawrence’s Comment
Test of the support zone mentioned last week as expected. Support held up well and gave us a push to Y+2. Closed the week near Y+2 and week high.
Outlook
Measured move upside target reached from the run started 3 weeks ago. 1.14 is key price level for weekly to break the down trend. A spike reversal next week against B+1 will give us Y+1 / B-0.
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