Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Pullback to Y-0 as expected. But taking the whole week was really slow. Y-0 acted as resistance. Closed the week at midpoint. Outlook Tight range week that looks like ...READ 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 MOREUSDJPY Nov 05 to Nov 09 OutlookPrecog Vision – Forex 2022-8-103DP Odds Table (USDCAD) 2022-04-20GBPUSD Oct 16 to Oct 20 OutlookAUDUSD Oct 15 to Oct 19 OutlookPrecog Vision – Forex 2013-8-29AUDUSD Sep 07 to Sep 11 Outlook3DP Odds Table (USDCAD) 2011-09-213DP Odds Table (USDCAD) 2015-02-203DP Odds Table (USDCAD) 2015-12-09
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USDCAD Nov 23 to Nov 27 Outlook
Lawrence’s Comment
Test of Y+1 rejected. Dropped back down to Y-0 and found support. 2nd attempt led to all out selloff back down to 100% absolute range expansion. Found support there again and bounced back up. Closed the week near Y+1 and above midpoint.
Outlook
Thanksgiving week in US will slow down currency trading a lot. In fact, this is the start of the holiday season for which trading in many markets will get lower volume and reduced volatility.
If we see consolidation actions this week again with further gain into the 1.34 area, another upside break will carry this up to 1.36 area quickly.
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