Trading Edges That Last
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Lawrence's Comment Recap Lower open did not breach the breakout boundary. Yet first try to go higher stalled below Y+1. Successfully defended defended week low leading to upside breakout to Y+2. Closed ...READ MORELawrence's Comment Recap Slingshot reversal as expected. Hard selloff on Friday gave us the B-2 and below target. Closed the week near Y-3 and week low. Outlook Y-1 obvious resistance above but ...READ MORELawrence's Comment Recap Whiplash played out as expected. got down to target around Y-3 before support is found. Closed the week below Y-2 and midpoint. Outlook A crossroad here for Aussie. Being ...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 MOREIntraday Cycle Projection (USDCAD) 2012-07-13EURUSD Sep 03 to Sep 07 OutlookAUDUSD Jan 06 to Jan 10 OutlookIntraday Cycle Projection (USDCAD) 2012-02-20EURUSD Sep 04 to Sep 08 OutlookNasdaq 100 Sep 12 to Sep 16 OutlookAUDUSD Nov 10 to Nov 14 OutlookPrecog Vision – Forex 2020-6-33DP Odds Table (USDCAD) 2021-09-153DP Odds Table (USDCAD) 2016-08-22
As Featured In
USDCAD Jan 07 to Jan 11 Outlook
Lawrence’s Comment
Completely wrong on this one last week that par is in sight. Similar to its metal friend Aussie, both turned strong against dollar quickly and violently with the fiscal cliff deal in place. The target for such sudden change, Y-3, however, still worked very well as the target and support zone. Closed the week below Y-2 and near week low.
Outlook
Daily up trend not broken but close to. Can be a change in trend in the making. Like to see evidence that B-0 / Y-1 acting as resistance again before commiting to swing short for a run down to 0.96
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