Trading Edges That Last
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Lawrence's Comment Recap Not only we got Y+2, Y=3 was almost tagged by end of the week as well. Closed the week above Y+2. Outlook Both Aussie and Loonie are driven by ...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 MORELawrence's Comment Recap Consolidation week with very thin volume. 50% previous week range bounded the activities. Closed the week above Y+1 and midpoint. Outlook Tight range week points to breakout mode in ...READ MOREIntraday Cycle Projection (USDCAD) 2021-12-243DP Odds Table (USDCAD) 2019-10-07AUDUSD Sep 17 to Sep 21 Outlook3DP Odds Table (USDCAD) 2011-06-01GBPUSD May 01 to May 05 OutlookPrecog Vision – Forex 2017-11-93DP Odds Table (USDCAD) 2014-06-02AUDUSD Jul 02 to Jul 06 OutlookNasdaq 100 May 25 to May 29 OutlookNasdaq 100 Aug 28 to Sep 01 Outlook
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USDCAD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Feb close did not even attempt to hold up at Y-1 and slided to 50% downside expansion target at Y-2. The bounce was stopped right at Y-1 with strong reaction confirming the weaknesses. Closed the week below midpoint.
Outlook
As mentioned last week, Canadian dollar chose to close lower means monthly STOPD levels in play. As long as Y-1 to B+2 acting as resistance zone, more downside moves are expected. Y-3 (not shown in chart) is the likely first target as it is also the monthly target area.
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