Trading Edges That Last
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Lawrence's Comment Recap Rising wedge broken and gave us Y-1 as expected. Closed the week near Y-1 and week low. Outlook The monthly resistance is now confirmed. B-0 / Y+1 very strong ...READ MORELawrence's Comment Recap Consolidation as expected. 50% previous week range around Y-0. Closed above Y-0 and midpoint. Outlook As mentioned last week, "it looks like weekly level pullback but should be treated as consolidation". ...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 MOREPrecog Vision – Forex 2019-8-14AUDUSD Mar 13 to Mar 17 Outlook3DP Odds Table (USDCAD) 2016-03-23Weekly Cycle Projection (USDCAD) 2014-02-17GBPUSD May 09 to May 13 Outlook3DP Odds Table (USDCAD) 2018-06-063DP Odds Table (USDCAD) 2012-04-16USDJPY Jul 22 to Jul 26 OutlookPrecog Vision – Forex 2019-9-4Intraday Cycle Projection (USDCAD) 2015-12-16
As Featured In
USDCAD May 28 to Jun 01 Outlook
Lawrence’s Comment
Consolidation around Y+1 with 50% range as expected. Closed the week at the week high.
Outlook
No real weaknesses showing in the chart yet. Sell setup on 4 hours can send this back down to B-2 slowly over several weeks but not likely.
Like to so a bit more consolidation before this pair goes higher.
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