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 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 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 MORE
Lawrence's Comment Recap Mon/Tue produced a swing high allowing us to join the continuation sell later in the week. Closed the week below Y-0 and near week low. Outlook The selling is not completed. ...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 Cable pressed at Y-1 in the beginning of the week and then collapsed on news. This staged a 100% expansion move to the downside. Cable tagged 100% absolute range ...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 MOREPrecog Vision – Forex 2022-10-27Precog Vision – Forex 2016-9-2Precog Vision – Forex 2015-10-5AUDUSD Apr 21 to Apr 25 OutlookPrecog Vision – Forex 2016-5-253DP Odds Table (EURUSD) 2019-02-07GBPUSD Feb 25 to Mar 01 OutlookPrecog Vision – Forex 2017-10-5Intraday Cycle Projection (EURUSD) 2016-05-02USDCAD Jan 02 to Jan 06 Outlook
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EURUSD Jan 10th to Jan 14th Outlook
Recap of Last Week
Previous year close acted as resistance and a temporary higher high was immediately rejected. As mentioned last time, the breaking of the red zone pointed to a test of 1.30 area and that happened with no pullback at all. The week close at its low.
Next Week Outlook
Based on the range of the first week of the year in this pair, it is projecting many swings of 500 pips or more in this year. That represents many opportunities (and risk) in the coming weeks.
If euro holds the previous week low (yellow zone), a bounce towards the previous week midpoint (green zone) is in the card. The more important level, however, is that should a breakdown happen, the target is 100% downside expansion at 1.24 or lower (red zone, not visible on the chart). This target zone is good for the whole first quarter of 2011.
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