Trading Edges That Last
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Lawrence's Comment Recap Tagged upside target after bounced off Y-0. That played out as expected. Disappointed, however, that cable failed to hold above Y+1 as support and dropped back down ...READ MORELawrence's Comment Recap The expected messy drift towards our resistance zone covered most part of the week. Once the resistance zone was tagged, a quick selloff took the pair back down ...READ MORELawrence's Comment Recap Early attempt to move higher blocked at the resistance zone leading to freefall back down to Y-1 and tagged the normal Y-2 continuation target. Closed the week below Y-2 ...READ MORE3DP Odds Table (USDCAD) 2018-10-30Hot n Cold (USDCAD) 2017-11-3Weekly Cycle Projection (USDCAD) 2016-11-07Intraday Cycle Projection (USDCAD) 2017-02-20USDJPY Jun 08 to Jun 12 Outlook3DP Odds Table (USDCAD) 2017-02-203DP Odds Table (USDCAD) 2017-02-17GBPUSD Nov 05 to Nov 09 OutlookEURUSD May 23 to May 27 OutlookUSDCAD Mar 21 to Mar 25 Outlook
As Featured In
USDCAD Jan 23 to Jan 27 Outlook
Lawrence’s Comment
As oppose to retest Y+1, Loonie did a 1-2-3 sell off Y-0 right from the start of the week. That points to at least a retest of Y-1. 100% absolute range expansion reached and bounced back to midpoint before closing lower.
Outlook
B-1 retest likely.
Breaking below points to a potential 3rd push down to 1.00 area.
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