Trading Edges That Last
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Lawrence's Comment Recap Opened strong challenging Y+1 but failed to go higher. That opened the door to other extreme at Y-1. Dropped down to almost there at 100% absolute range expansion and ...READ MORELawrence's Comment Recap Gap up turned into breakout failure. Gave us an excuse to send NQ back down to Y-0. Tagged Y-0 and failed to push it lower since. Then ...READ MORELawrence's Comment Recap As expected the rising wedge did not last. It was broken to the down side and the selloff almost tagged my downside target. Euro bounced before the target was ...READ MOREAUDUSD Jun 01 to Jun 05 OutlookUSDCAD Jan 06 to Jan 10 OutlookNasdaq 100 Jun 18 to Jun 22 OutlookIntraday Cycle Projection (USDCAD) 2019-09-24Weekly Cycle Projection (USDCAD) 2018-06-183DP Odds Table (USDCAD) 2017-07-06Intraday Cycle Projection (USDCAD) 2020-10-27Nasdaq 100 Jun 17 to Jun 21 OutlookEURUSD Aug 19 to Aug 23 Outlook3DP Odds Table (USDCAD) 2021-12-10
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USDCAD Mar 31 to Apr 04 Outlook
Lawrence’s Comment
Pullback to Y-0 turns into all out collapse. Could not stop until 100% range expansion. Closed the week above Y-1 and below midpoint.
Outlook
US mid-week data together with development of tension between US and Russia is not good for US dollar relative to the metal currencies.
Y-0 / B-0 zone now strong resistance. Expect consolidation actions with reduced range.
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