Trading Edges That Last
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Lawrence's Comment Recap Pusher higher in the beginning of the week to fill the gap above but failed. News hit the wire before it was done. Euro collapsed back down to Y-2 ...READ MOREIntraday Cycle Projection (USDCAD) 2012-05-17Nasdaq 100 Mar 12 to Mar 16 OutlookPrecog Vision – Forex 2011-11-103DP Odds Table (USDCAD) 2015-08-21Precog Vision – Forex 2013-1-14GBPUSD Oct 01 to Oct 05 Outlook3DP Odds Table (USDCAD) 2016-02-17Weekly Cycle Projection (USDCAD) 2016-06-13Precog Vision – Forex 2017-5-17EURUSD Apr 01 to Apr 05 Outlook
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USDCAD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Multiple news shocks caused both Loonie and Aussie to swing wildly. This week is a good example showing that when the participants are more emotional, you get the more natural Fibonacci price level of 1.618. That happened in the beginning of the week when Canadian dollar rallied above Y+2. Ended the week however, down at our original target of Y-2 at 200% absolute range expansion.
Outlook
The spike up in the past week actually give more fuel to the downside than helping the pair to find a decent bottom. Since this coming week will clearly be affected by news coming from US, it is best to stay off longer term trade on this pair and focus on intraday setups only.
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