Trading Edges That Last
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Lawrence's Comment Recap Y-1 / Y-0 zone defended early in the week points to a test of Y+1 coming. Y+1 cleared with ease and ended the daily down trend. Normal upside target ...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 NQ was the bullish one with hint for a run to Y+1 off its Monday action holding Y-0. Then PPT came overnight giving the indices a helping hand to ...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 Easy trade of the week. Cleared resistance zone mentioned last week quickly. Tagged Y+3 target by end of week. Closed the week above Y+2 and midpoint. Outlook Wide range week with ...READ MOREIntraday Cycle Projection (USDCAD) 2016-08-03Precog Vision – Forex 2013-3-15GBPUSD Jun 15 to Jun 19 OutlookNasdaq 100 May 18 to May 22 OutlookIntraday Cycle Projection (USDCAD) 2013-03-22Precog Vision – Forex 2011-11-28Nasdaq 100 Oct 27 to Oct 31 OutlookPrecog Vision – Forex 2017-5-10USDCAD Aug 04 to Aug 08 OutlookIntraday Cycle Projection (USDCAD) 2013-12-18
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USDCAD Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Breakout above Y+1 forced shorts to give up and a drift back up to the crime scene where the original strong selloff reaction started. Once the crime scene was tagged, renew selling showed up and forced price straight down. Closed the week below Y-0 and near week low.
Outlook
The weekly level consolidation continues. On one hand Y-1 is proven to be important support. On the other hand, B+1 is very important resistance now. Price will be trapped inside this range with very wild swings in between because size players are not willing to risk at price levels in-between.
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