Trading Edges That Last
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Lawrence's Comment Recap First week of the year found resistance at Y-0 and selloff down to Y-3. Closed the week near Y-3 and week low. Outlook USD strength across the board against ...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 Bounced back up to Y-0 as expected. How it was done was interesting as speculations now building up whether the new BOE will behave significantly different from the old ...READ MORELawrence's Comment Recap As expected we got a consolidation but Y-0 was never touched. this indicated a lot more trapped shorts were still refusing to give up. That led to the 3rd ...READ MORELawrence's Comment Recap Consolidation week with very thin volume. 50% previous week range bounded the activities. Closed the week above Y+1 and midpoint. Outlook Tight range week points to breakout mode in ...READ MORENasdaq 100 Apr 23 to Apr 27 OutlookGBPUSD Jan 11 to Jan 15 OutlookS&P 500 Dec 29 to Jan 02 OutlookPrecog Vision – Forex 2017-12-73DP Odds Table (USDCAD) 2017-05-23GBPUSD Jul 15 to Jul 19 OutlookIntraday Cycle Projection (USDCAD) 2016-11-16Weekly Cycle Projection (USDCAD) 2021-12-13EURUSD Mar 17 to Mar 21 OutlookNasdaq 100 May 25 to May 29 Outlook
As Featured In
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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