Trading Edges That Last
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Lawrence's Comment Recap Y-0 acted as support and we got the breakout to Y+2. But the rally did not last. Y+1 not even acting as support when news hit and ...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 found support at Y-0 and eventually challenged Y+1 and then the break down crime scene I mentioned last week. Thatès all it can do and the selloff started. ...READ MORELawrence's Comment Recap Consolidation actions around Y+1 most part of the week. Jawboning happened by Japanese officials but no impact on the price actions so far. Closed the week above Y-0 and ...READ MORELawrence's Comment Recap Consolidation week at 50% range. Closed the week beow Y-1 and near week low. Outlook Quick drop to B-2 points to weekly range expansion down to Y-3 potential. Grexit ...READ MORELawrence's Comment Recap Unlike the other 2 indices, NQ has been the weakest all week. Closed the week at midpoint. Outlook As long as Y-0 holds, NQ can go higher. If Y-0 ...READ MOREWeekly Cycle Projection (EURUSD) 2016-10-10USDJPY May 21 to May 25 OutlookPrecog Vision – Forex 2021-2-23Dow 30 Aug 19 to Aug 23 OutlookGBPUSD Nov 23 to Nov 27 Outlook3DP Odds Table (EURUSD) 2013-07-08USDJPY Nov 16 to Nov 20 OutlookGBPUSD May 16 to May 20 Outlook3DP Odds Table (EURUSD) 2014-03-26Nasdaq 100 Oct 24 to Oct 28 Outlook
As Featured In
EURUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Found support at previous week close and took off to test Y+1. Held up near Y+1 at previous support and breakout to Y+2. Strong reaction there led to breaking below Y+1.Closed the week above Y-0 and near midpoint.
Outlook
Odd shape up channel / bear flag on daily. If 1.12 acts as support, a push to 1.14 is possible. Breaking below Y-0 will give us B-1 / Y-1. Breaking below there points to much lower price levels in play.
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