Trading Edges That Last
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Lawrence's Comment Recap Was looking for further downside and we got that. Not quite tagging Y-3 as Dow stopped going lower when it reached 100% absolute range expansion. V-shape reversal since and ...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 MORELawrence's Comment Recap Upside triangle did not break to the downside at all. Instead, formed an up channel and drifted higher and paused after 50% of prior week range is reached. ...READ MOREIntraday Cycle Projection (USDCAD) 2023-03-17Nasdaq 100 Oct 31 to Nov 04 OutlookPrecog Vision – Forex 2015-6-8Intraday Cycle Projection (USDCAD) 2014-09-23Intraday Cycle Projection (USDCAD) 2014-04-08Dow 30 Oct 14 to Oct 18 OutlookIntraday Cycle Projection (USDCAD) 2012-11-08Intraday Cycle Projection (USDCAD) 2015-12-07Precog Vision – Forex 2018-10-10AUDUSD Aug 22 to Aug 26 Outlook
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USDCAD Mar 04 to Mar 08 Outlook
Lawrence’s Comment
The weaknesses in gold enabled US dollar gaining strength suddenly. After first part of the week spent in consolidation and potential top forming, the collapse in gold triggered a short squeeze in the pair. Closed the week above Y+1 and below midpoint.
Outlook
Just like Aussie, gold is going to dictate the move in this pair too. If gold really breaks down, it can push this up to 1.08 easily.
Whiplash potential. Meaning that both B-2 and B+2 could be tagged this week.
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