Trading Edges That Last
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Lawrence's Comment Recap Bad data affected this chart. Aussie pushed higher above Y+1 but failed to hold up at the end and dropped all the way back to Y+1. Closed the week ...READ MORELawrence's Comment Recap As expected, 2-way big swings ended up going nowhere. Started the week pushing against Y-0 and failed. cable dropped until 100% absolute range expansion was reached. Bounced back to ...READ MOREPrecog Vision – Forex 2016-8-18Precog Vision – Forex 2018-7-263DP Odds Table (USDCAD) 2019-07-04AUDUSD Mar 30 to Apr 03 OutlookIntraday Cycle Projection (USDCAD) 2014-03-07Intraday Cycle Projection (USDCAD) 2012-12-04GBPUSD Oct 20 to Oct 24 OutlookIntraday Cycle Projection (USDCAD) 2023-05-023DP Odds Table (USDCAD) 2019-10-073DP Odds Table (USDCAD) 2019-02-18
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USDCAD Sep 02 to Sep 06 Outlook
Lawrence’s Comment
As expected, Loonie consolidated within the tight range mentioned last week. By end of week, after support was found, this pair drifted back up to near Y+1 before stalling. Closed the week above midpoint and Y-0.
Outlook
Inside week holding above Y-0 is bullish. A breakout above Y+1 points to range expansion to Y+2 or above B+3.
Should we see a FBO against B+1 / Y+1 with confirmation at B-0, a selloff back downto B-3 is likely.
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