Trading Edges That Last
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Lawrence's Comment Recap Strength in gold helping to push this pair lower. Resistance at 1.08 was not even challenged. Y-1 resistance gave way to Y-2 target. Closed the week below Y-2 and ...READ MOREJust posted a new article, Weekly STOPD Pattern: Forex Bearish Midpoint Cross, for premium members. I will post a few more as soon as possible because I see a storm ...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 MOREContent Review Euro Short Term Bottom vs. Election Surprises S&P First Yearly Upside Target Reached Gold Weekly ...READ MORELawrence's Comment Recap Gap down to 3900 and staged a fight back up to Y-1 but failed to get there until the 3rd try. Y-1 cleared but 100% absolute range limited the ...READ MOREUSDCAD Jun 30 to Jul 04 OutlookDifficult Time Ahead For Forex TradingAUDUSD Dec 11 to Dec 15 OutlookDow 30 Jan 30 to Feb 03 OutlookPrecog Vision – Forex 2020-4-3Intraday Cycle Projection (USDCAD) 2022-01-10Hot n Cold (USDCAD) 2011-7-27MBO Issue 63 (Mar 2017) More New TaxesUSDCAD Aug 22 to Aug 26 OutlookNasdaq 100 Aug 31 to Sep 04 Outlook
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Lawrence’s Comment
Bounced off the close of previous week and zoomed up to Y+1 before it stalled. Y-0 acted as support and sending the pair back up to Y+1 again. Closed the week below Y+1.
Outlook
A breakout above B+1 with that turning into support will give us the confirmed continuation of this uptrend on daily.
Failure to do so, the pair will enter a consolidation phase where it will be trapped within 1.05 down to 0.99 for a long time.
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