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Lawrence's Comment Recap Did not stop at the Y-0 resistance. Instead, formed a double top to break back down before Y-0. That ensured Y-1 to be retested. At 100% absolute range ...READ MOREI often mention that when a major pair crosses its previous week midpoint, certain bias is triggered. Somehow many readers find it difficult to follow the concept. This is a ...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 MORENasdaq 100 Jun 20 to Jun 24 OutlookAUDUSD Jun 20 to Jun 24 Outlook3DP Odds Table (USDCAD) 2017-12-28Weekly STOPD Pattern: Forex Bearish Midpoint CrossHot n Cold (USDCAD) 2023-1-203DP Odds Table (USDCAD) 2021-01-04Precog Vision – Forex 2017-11-293DP Odds Table (USDCAD) 2018-12-24Intraday Cycle Projection (USDCAD) 2021-04-19Intraday Cycle Projection (USDCAD) 2019-08-07
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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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