Trading Edges That Last
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Lawrence's Comment Recap The US stock market was as messed up as it can be last week. Dow simply zoom up right from the start of the week and almost ...READ MOREPrecog Vision – Forex 2015-9-17Dow 30 Dec 25 to Dec 29 Outlook3DP Odds Table (USDCAD) 2017-03-13Dow 30 Oct 22 to Oct 26 OutlookEURUSD Sep 21 to Sep 25 OutlookS&P 500 Sep 14 to Sep 18 OutlookWeekly Cycle Projection (USDCAD) 2022-10-03Intraday Cycle Projection (USDCAD) 2012-01-31Intraday Cycle Projection (USDCAD) 2014-08-11Intraday Cycle Projection (USDCAD) 2018-11-30
As Featured In
USDCAD Feb 02 to Feb 06 Outlook
Lawrence’s Comment
As expected Loonie continues to weaken. 1.26 did not stop the run at all. Until 1.28 was touched. Closed the week at Y+2 and above midpoint.
Outlook
The weekly and monthly chart is pointing to a test or even breakout above the 1.31 year 2008 high. Given the context, shorter term signals in the opposite direction will have difficulty working out. This is similar to what happened to Euro when it started to slide last year. Once the key level on weekly and monthly give in, it is not a good idea to counter the trend until the higher timeframe objectives are met.
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