Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap As expected the rising wedge did not last. It was broken to the down side and the selloff almost tagged my downside target. Euro bounced before the target was ...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 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 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 Failed to hold above Y-1. Drifting around Y-1 all week. Closed the week near week low and below Y-1. Outlook As mentioned in last weekly commentaries on euro, once ...READ MOREEURUSD Aug 19 to Aug 23 OutlookPrecog Vision – Forex 2021-12-16Precog Vision – Forex 2021-8-6Precog Vision – Forex 2014-7-23Hot n Cold (USDCAD) 2012-6-12Intraday Cycle Projection (USDCAD) 2016-02-153DP Odds Table (USDCAD) 2017-03-02Precog Vision – Forex 2011-8-263DP Odds Table (USDCAD) 2019-09-23EURUSD Oct 01 to Oct 05 Outlook
As Featured In
USDCAD Aug 12 to Aug 16 Outlook
Lawrence’s Comment
Bullish bias worked out in earlier part of the week but failed to stay above Y+1 to get to the upside target. FBO against Y+1 gave us Y-0 downside target and eventually stopped at 100% absolute range expansion. Closed the week at week low and below Y-0.
Outlook
Part of the overall mid week US dollar weakening along with other majors.
Failing to hold B-1 will send this pair down to B-2 / par level. The previous bottom at Y-1 was dirty and is asking for a retest. If a better bottom is built at Y-1 down to B-2, we can look forward for a strong rally into end of the year.
Share