Trading Edges That Last
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Lawrence's Comment Recap Look at how Y-0 resistance depressing euro almost all week. End of week breakout cleared Y-0 finally. Closed the week above Y-0 and midpoint. Outlook Inside week, close above ...READ MORELawrence's Comment Recap Did not even test Y+1 and dropped back down to Y-1 as expected. Wild 2-way swings as mentioned last week. ES could not find support since Y-1 was broken. ...READ MORELawrence's Comment Recap ES gapped higher and zoomed to Y+2 right from the start. This opened the door to gap and go week with Y+3 target. ES traded in tight range drifting ...READ MORELawrence's Comment Recap Moved higher as expected and then it turned into full power rally. When cable cleared Y+3, a short squeeze / stop run was induced. Closed the week above Y+3 ...READ MOREIntraday Cycle Projection (USDCAD) 2014-12-03EURUSD Nov 17 to Nov 21 OutlookS&P 500 Sep 15 to Sep 19 Outlook3DP Odds Table (USDCAD) 2013-01-30USDJPY Nov 07 to Nov 11 Outlook3DP Odds Table (USDCAD) 2014-09-15S&P 500 Oct 12 to Oct 16 OutlookIntraday Cycle Projection (USDCAD) 2017-01-02GBPUSD Jun 10 to Jun 14 OutlookIntraday Cycle Projection (USDCAD) 2019-04-19
As Featured In
USDCAD Nov 26 to Nov 30 Outlook
Lawrence’s Comment
FBO confirmed and sold off to B-2 as expected. By end of week a stop run carried the pair down to Y-3. Closed the week below Y-2 and near week low.
Outlook
Similar to other majors, the extra spike we got on Friday is definitely not normal. A retest of B-0 is in order.
Middle East tension could be the trigger for all out USD rally against the majors.
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