Trading Edges That Last
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Lawrence's Comment Recap Bounced off 1.00 par level on first test as expected. Yet, once the precious metals started to rally, US dollar is crushed. Closed the week below 1.00 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 Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 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 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 MOREUSDCAD Oct 31 to Nov 04 OutlookPrecog Vision – Forex 2013-5-30Dow 30 Dec 14 to Dec 18 Outlook3DP Odds Table (USDCAD) 2022-05-31S&P 500 Aug 13 to Aug 17 OutlookGBPUSD Sep 14 to Sep 18 OutlookIntraday Cycle Projection (USDCAD) 2016-02-19S&P 500 Oct 04 to Oct 08 OutlookPrecog Vision – Forex 2017-11-6Precog Vision – Forex 2011-5-27
As Featured In
USDCAD Aug 26 to Aug 30 Outlook
Lawrence’s Comment
US dollar crushed Loonie last week. Instead of pulling back to Y-2 to Y-3 first for a proper bottom, Y-0 acted as support and forced a powerful squeeze to Y+5. Closed the week above Y+3 and midpoint.
Outlook
Squeeze type rally cannot last, retest of previous resistance area is necessary to confirm the strength. That puts Y+3 / B-0 in play. Consolidation between B-0 and Y+5 likely.
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