Trading Edges That Last
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Lawrence's Comment Recap As expected the rally continues. Y-0 acted as support and forced a strong breakout to Y+3. Closed the week near week high. Outlook Short term bottom in place. Long ...READ MOREUSDJPY Aug 17 to Aug 21 Outlook3DP Odds Table (USDCAD) 2022-04-113DP Odds Table (USDCAD) 2012-06-253DP Odds Table (USDCAD) 2013-11-153DP Odds Table (USDCAD) 2017-03-073DP Odds Table (USDCAD) 2016-10-17Precog Vision – Forex 2016-1-26Intraday Cycle Projection (USDCAD) 2019-01-29Precog Vision – Forex 2022-1-4USDCAD May 21 to May 25 Outlook
As Featured In
USDCAD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
As mentioned last week, a bounce from Y-1 was expected but it failed to tag Y+1. Closed the week below midpoint and Y-0.
Outlook
B-2 is next downside target.
The less likely scenario is a slow grind selloff to B-1 with a quick rally from there taking out B-0. If that happens, the down trend is broken.
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