Trading Edges That Last
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Lawrence's Comment Recap As expected, the choopy run up was not sustainable and Dow fell off a cliff back down to Y-1 right from the start. It then consolidated around Y-1. Closed ...READ MORELawrence's Comment Recap The easy play last week. Y-0 acted as resistance and gave us a selloff down to Y-3 my target. It cannot get any easier than this. 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 MORELawrence's Comment Recap Dow pushed towards Y+2 and gap thru. Tagged 18500 and stalled. Closed the week above Y+2 and midpoint. Outlook Cannot time the end of a parabolic move but if ...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 MOREDow 30 Feb 02 to Feb 06 OutlookGBPUSD Jun 02 to Jun 06 OutlookPrecog Vision – Forex 2018-6-223DP Odds Table (USDCAD) 2014-09-04Precog Vision – Forex 2013-10-7Dow 30 Jul 18 to Jul 22 OutlookAUDUSD Nov 05 to Nov 09 Outlook3DP Odds Table (USDCAD) 2011-06-22Weekly Cycle Projection (USDCAD) 2016-02-22Precog Vision – Forex 2018-1-9
As Featured In
USDCAD Jan 27 to Jan 31 Outlook
Lawrence’s Comment
Cosolidated in Y-0 to Y+1 as expected. Then news shock came and a squeeze took the pair up to Y+3. Stalled from there since. Closed the week near Y+2 and above midpoint.
Outlook
As noted last week the long standing range for Loonie is 1.08 to 1.10. Clearing that and staying above has long term implication for the Canadian economy.
For now, a retest of the break out price near Y+1 is likely as the short squeeze was not as strong as it could be. Holding Y+1 to B-0 area by end of this week will point to more upside coming.
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