Trading Edges That Last
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Lawrence's Comment Recap Got the upside breakout we are looking for. Closed the week back down at midpoint above Y-0. Outlook Need Y-0 to act as support and rally above Y+1 again. ...READ MORELawrence's Comment Recap As expected, Aussie continue to move lower until almost tagging Y-3. Closed the week near Y-2 and below midpoint. Outlook A potential short term low is in the making. If Aussie ...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 MORE3DP Odds Table (USDCAD) 2023-05-023DP Odds Table (USDCAD) 2016-08-16Precog Vision – Forex 2021-10-53DP Odds Table (USDCAD) 2017-08-03EURUSD Nov 15 to Nov 19 OutlookUSDJPY Jan 23 to Jan 27 OutlookIntraday Cycle Projection (USDCAD) 2019-09-17AUDUSD Feb 11 to Feb 15 OutlookPrecog Vision – Forex 2013-1-21Precog Vision – Forex 2021-8-26
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USDCAD Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Down channel turned into a wedge. Then breakout happened conveniently at the right time sending this back up to my target above. 200% absolute range expansion stopped the run. Closed above Y+1 and midpoint.
Outlook
Strong reaction because all committed shorts had stops piled up between Y-0 and Y+1. That’s why the move is so clean. The stop run only move will need real buying to give us a retest of B+1. B-0 likely this week as players have to reshuffle their positions to get in line with their new expections.
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