Trading Edges That Last
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Lawrence's Comment Recap As expected ES dropped down to the Y-2 and Y-3 area and fighted hard to hold up. Y-0 acting as resistance forced a retest of week low made on ...READ MOREPrecog Vision – Forex 2011-5-25Precog Vision – Forex 2011-3-3Weekly Cycle Projection (USDCAD) 2012-09-24Hot n Cold (USDCAD) 2023-5-1Precog Vision – Forex 2020-7-1USDCAD May 10 to May 14 OutlookPrecog Vision – Forex 2023-1-33DP Odds Table (USDCAD) 2019-04-24S&P 500 Oct 07 to Oct 11 Outlook3DP Odds Table (USDCAD) 2018-08-31
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USDCAD May 13 to May 17 Outlook
Lawrence’s Comment
Went lower as expected. It was interesting that it dropped in a slow 3 pushes down pattern. Before Y-2 was tagged, the pattern zoomed the pair back up to where it started at Y-0. Closed the week above midpoint and below Y-0.
Outlook
Part of the overall US dollar strengthening as the effect of BOJ’s action has now leaked into the other pairs. As long as B-0 acting as support, retest of B+1 is likely. Looking for B+2 to be challenged as long as Y-1 can hold this pair up should it choose to push below B-0.
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