Recap Cable dropped to Y-0 and bounced. Breached Y+1 but failed to hold above. That sent cable down to Y-1 in 1 go. Bounced from Y-1 but no longer able to clear Y-0. Closed the week below Y-0 and midpoint.
Outlook Cable definitely trying to hold its ground at Y-1 / B-1 area even though it is not strong enough yet to break the weekly down trend. Going into holiday weeks consolidation in tight range is expected.
Lawrence's Comment
Recap
Bullish consolidation until news shock hit. ES chooses to go higher and zoomed 100% of the range before the news. Closed the week above Y+1 and near week high. ...
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
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
NQ never traded lower to test B-1, forming a dirty bottom and squeeze higher. This led to weaknesses at Y+1 and double top. Once the selloff started it can ...
Lawrence's Comment
Recap
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 ...
GBPUSD Dec 22 to Dec 26 Outlook
Lawrence’s Comment
Cable dropped to Y-0 and bounced. Breached Y+1 but failed to hold above. That sent cable down to Y-1 in 1 go. Bounced from Y-1 but no longer able to clear Y-0. Closed the week below Y-0 and midpoint.
Outlook
Cable definitely trying to hold its ground at Y-1 / B-1 area even though it is not strong enough yet to break the weekly down trend. Going into holiday weeks consolidation in tight range is expected.
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