Trading Edges That Last
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Lawrence's Comment Recap This pair just stuck at a tight range all week. The break and flush near end of week did not produce a run as it bounced back up ...READ MORELawrence's Comment Recap What I said last week, "Situation in Greece can cause extreme volatility that do not mean anything." All week wild swings and ended up with nothing. Closed the week ...READ MORELawrence's Comment Recap Breakout on 4 hours was not triggered. Instead we get another tight range consolidation week. Closed the week near Y-0 and above midpoint. Outlook 2 weeks of tight range ...READ MOREUSDCAD Jun 18 to Jun 22 OutlookIntraday Cycle Projection (USDCAD) 2015-07-29Intraday Cycle Projection (USDCAD) 2012-07-06USDCAD Jan 14 to Jan 18 OutlookDow 30 Jul 13 to Jul 17 OutlookWeekly Cycle Projection (USDCAD) 2012-09-17Intraday Cycle Projection (USDCAD) 2013-02-08GBPUSD Apr 06 to Apr 10 OutlookIntraday Cycle Projection (USDCAD) 2023-02-13EURUSD Sep 11 to Sep 15 Outlook
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USDCAD Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Double news shock. First one sending the pair higher but it failed to stay above Y+1. Second one dropping the pair below Y-0 yet failed to keep it below Y-0 and closed the week above Y-0 near B-0.
Outlook
The 2 rejection moves is telling us that Loonie is sitting at a zone it is comfortable in.
Consolidation around B-0 is expected until the boundary Y-1 or B+1 is violated.
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