Trading Edges That Last
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Lawrence's Comment Recap Dow break above Y+1 early in the week points to the potential to tag Y+2 later. It was done with another huge gap to the upside. Closed the week ...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 MORELawrence's Comment Recap Gap down and consolidated around B-0. Then zoomed higher as expected. Another easy play last week. Closed the week above Y+2. Outlook The target of Y+3 should be reached ...READ MOREAUDUSD Oct 07 to Oct 11 Outlook3DP Odds Table (USDCAD) 2017-01-26AUDUSD Mar 01 to Mar 05 OutlookPrecog Vision – Forex 2012-9-17Dow 30 May 06 to May 10 Outlook3DP Odds Table (USDCAD) 2018-01-01Precog Vision – Forex 2015-6-11Precog Vision – Forex 2015-4-24Precog Vision – Forex 2020-11-27USDCAD Jun 04 to Jun 08 Outlook
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USDCAD Nov 18 to Nov 22 Outlook
Lawrence’s Comment
The expected retest of Y-0 gave us a zoom up to above Y+1. But the new high was rejected at once. Another move towards Y-0 was resulted. Closed the week below Y-0 and at week low.
Outlook
FBO against Y+1 points to retest of Y-1. As long as B-0 acting as resistance, Y-1 retest likely.
The price action in both Aussie and Loonie are heavily related to gold price which showed early signs of a potential longer term bottom. If gold fails to hold up, it will take both metal currencies down quickly.
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