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Lawrence's Comment Recap A perfect consolidation week. Drifted up to resistance mentioned last week and then dropped down to support. Can't ask for more. Closed the week below Y-0 and midpoint. Outlook Inside week. ...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 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 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 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 MOREHot n Cold (USDCAD) 2022-5-13Nasdaq 100 Oct 30 to Nov 03 OutlookGBPUSD Feb 03 to Feb 07 OutlookPrecog Vision – Forex 2014-5-1Weekly Cycle Projection (USDCAD) 2016-11-07Precog Vision – Forex 2015-8-24Precog Vision – Forex 2022-4-21Intraday Cycle Projection (USDCAD) 2012-06-15GBPUSD Apr 02 to Apr 06 OutlookPrecog Vision – Forex 2017-7-19
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USDCAD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
Breakout play netted 200 pips instead of just 100. The best surprise of the week. The pair did not stop until Y+5 was tagged. A lot of trapped shorts indeed. Closed the week above Y+4 and near week high.
Outlook
Consolidation with upside bias.
The catch is that if gold suddenly reverse its course, Loonie can snap back to B-0 quickly. Monitor gold closely for signs of spike reversal.
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