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Lawrence's Comment Recap Wedged downward in the beginning of the week hinted a short term bounce was in play. Bounced back up until 50% range reached. Stalled from there and ...READ MORELawrence's Comment Recap Consolidation week at reduced range trapped inside Y-1 to Y-0. Closed the week below Y-0 and above midpoint. Outlook BOJ indeed doing what they claimed and no one dares ...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 MOREWeekly Cycle Projection (USDCAD) 2014-07-21EURUSD Jun 10 to Jun 14 OutlookUSDJPY Jan 09 to Jan 13 OutlookUSDJPY Feb 23 to Feb 27 OutlookWeekly Cycle Projection (USDCAD) 2017-03-20GBPUSD Jan 28 to Feb 01 OutlookIntraday Cycle Projection (USDCAD) 2018-02-093DP Odds Table (USDCAD) 2017-06-08S&P 500 Oct 17 to Oct 21 OutlookPrecog Vision – Forex 2018-5-18
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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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