Trading Edges That Last
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Lawrence's Comment Recap A pretty perfect week. Y-0 acted as support early in the week sending dollar yen to Y+1, which acted as resistance. Y-0 failed to act on 2nd ...READ MOREFor more information about this report please refer to the Market Bias Informant page Trading 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 Hit resistance mentioned last week, fall back down to near Y-1 support. Consolidated around previous week close as expected. Closed the week below Y-0 and near midpoint. Outlook Consolidation ...READ MOREWeekly Cycle Projection (USDCAD) 2011-10-31Intraday Cycle Projection (USDCAD) 2021-08-24USDJPY Apr 30 to May 04 Outlook3DP Odds Table (USDCAD) 2019-10-07Precog Vision – Forex 2011-4-20Weekly Cycle Projection (USDCAD) 2020-12-283DP Odds Table (USDCAD) 2013-08-15Precog Vision – Forex 2016-10-21USDCAD Sep 08 to Sep 12 OutlookHot n Cold (USDCAD) 2012-10-19
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USDCAD Sep 15 to Sep 19 Outlook
Lawrence’s Comment
USD advantage to tag Y+1 turns into all out rally tagging Y+2. Y+1 then turned into support giving us another leg higer to Y+3. Closed the week above Y+3 and near week high.
Outlook
Strength in USD partly comes from ECB news and partly due to its safe haven status in time of instability. Up trend established on 4 hours. As long as B-0 / Y+2 acting as support there is no reason to go bearish on the pair, yet.
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