Trading Edges That Last
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Lawrence's Comment Recap The interesting scenario mentioned last week has unfolded. Closed the week below midpoint. Outlook A break of B-1 and closing the week below that implies a w. upthrust on weekly ...READ MORELawrence's Comment Recap All eyes on Greece and that have effective frozen cable and euro around where they were closed the week prior. After the last minute deal was done, normal ...READ MORELawrence's Comment Recap Continuous sell pattern broken when Dow gapped at Y+1 and zoomed higher. Unlikely breakout gave us Y+3 target. Dow got the target and went sideway since. Closed the week ...READ MORELawrence's Comment Recap Pullback started right after a failed test of Y+1. A rare double top pattern created with Y-2 target after New Year. Closed the week below Y-1 and near week ...READ MOREPrecog Vision – Forex 2017-2-13GBPUSD Apr 18 to Apr 22 Outlook3DP Odds Table (USDCAD) 2012-10-01Intraday Cycle Projection (USDCAD) 2022-03-10GBPUSD Feb 13 to Feb 17 OutlookDow 30 Aug 25 to Aug 29 OutlookHot n Cold (USDCAD) 2022-6-24Intraday Cycle Projection (USDCAD) 2016-06-27Nasdaq 100 Jan 06 to Jan 10 OutlookAUDUSD Jan 31 to Feb 04 Outlook
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USDCAD Oct 29 to Nov 02 Outlook
Lawrence’s Comment
Consolidated around Y+1 at 50% range. Standard response after a quick run up. Closed the week above Y+1 and midpoint.
Outlook
That at par zone has been a trouble zone for some time now. Clearing that will be a big win for US dollar and so far the weekly pattern supports that. But the implication is that crude oil and gold are going to be punished is quite contradictory to what I see in those 2 markets.
Hence, I will be very cautious if we see a quick breakdown below B-0 after B+2 is tagged. That can mark the end of this leg up with 1st down side target at B-2.
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