Trading Edges That Last
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Lawrence's Comment Recap Bearish expectation played out. Struggled around Y-1 / 1.10 round number before giving in by end of week. Closed the week below Y-1 and midpoint. Outlook FOMC week will ...READ MOREDow 30 Jul 24 to Jul 28 OutlookEURUSD Jul 25 to Jul 29 OutlookDow 30 Mar 20 to Mar 24 OutlookDow 30 Mar 09 to Mar 13 OutlookIntraday Cycle Projection (USDCAD) 2014-05-14Intraday Cycle Projection (USDCAD) 2011-12-203DP Odds Table (USDCAD) 2013-08-14Intraday Cycle Projection (USDCAD) 2012-03-023DP Odds Table (USDCAD) 2017-02-13Intraday Cycle Projection (USDCAD) 2015-05-08
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USDCAD Jul 28 to Aug 01 Outlook
Lawrence’s Comment
Y-1 support consolidation created a breakout play. Breaking above led to a surge to measured move target above Y+1. Closed the week above Y+1 and near week high.
Outlook
2nd push higher with strong resistance above at B+1 / Y+2. Clearing Y+2 quickly will lead to a quick run to B+3.
Consolidation below resistance more likely.
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