Trading Edges That Last
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Lawrence's Comment Recap Y-0 cleared from below, gave us reason to go long and Y+1 was cleared with minimal effort. Y+2 normal target reached. Closed the week below Y+2 and above midpoint. Outlook Strange ...READ MORESeasonal: Forex Majors In AugustPrecog Vision – Forex 2023-1-33DP Odds Table (USDCAD) 2019-01-01EURUSD Jul 24 to Jul 28 OutlookUSDCAD Jan 28 to Feb 01 OutlookIntraday Cycle Projection (USDCAD) 2015-08-19EURUSD Apr 14 to Apr 18 OutlookWeekly Cycle Projection (USDCAD) 2012-06-04Hot n Cold (USDCAD) 2012-5-1EURUSD Dec 10 to Dec 14 Outlook
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USDCAD Feb 13 to Feb 17 Outlook
Lawrence’s Comment
Took a week to form the bottom and finally rallied back above 1.0.
Outlook
Tough battle for US dollar here.
To form a good bottom from here, US dollar may have to keep fighting at this area for some time to build a sustainable base. That also means Loonie and Aussie will stop moving in high correlation going forward.
For coming week, it is likely the pair will find resistance at B+2 quickly.
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