Recap Breakout play worked out, just to the surprise of many that it was to the upside. It is not a surprise to my premium members as they learned from my newsletter than short side has been too crowded as of end of January. Upside target of Y+3 tagged and the follow through went up to Y+4. Closed the week near Y+3 and above midpoint.
Outlook Daily down trend broken. Weekly down trend broken. Euro is now in daily and weekly no trend condition which makes all the swings on daily level to have weak or no follow through. B-0 support with consolidation around close likely.
Lawrence's Comment
Recap
Just like the other indices, NQ has pulled full one of its strongest rallies in recent years. But there was no wild swings at all. It like ...
Lawrence's Comment
Recap
Started the week with bear flag and broken down to Y-2 quickly. That triggered waterfall effect to drop lower as there was no support nearby as explained last week. ...
For 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 schedule
Lawrence's Comment
Recap
Consolidation above Y-0 as expected. Originally looked like a breakout to the upside was in the making, until news shock hit late in the week. Got the ...
For 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 schedule
ContentReviewEuro Going NowhereS&P Is TiredGold In Bullish Time Window StillBitcoin Near Term Projection10-Year Note Yield Projection Hasn’t ChangedBig Picture SummaryReviewEuro stuck in tight range waiting for something significant to happen.S&P ...
EURUSD Feb 08 to Feb 12 Outlook
Lawrence’s Comment
Breakout play worked out, just to the surprise of many that it was to the upside. It is not a surprise to my premium members as they learned from my newsletter than short side has been too crowded as of end of January. Upside target of Y+3 tagged and the follow through went up to Y+4. Closed the week near Y+3 and above midpoint.
Outlook
Daily down trend broken. Weekly down trend broken. Euro is now in daily and weekly no trend condition which makes all the swings on daily level to have weak or no follow through. B-0 support with consolidation around close likely.
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