Trading Edges That Last
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Lawrence's Comment Recap Gapped above Y+1 to start the week but failed to hold above. As a result, a quick rush down to Y-0 and in turn opened the door to Y-1. ...READ MORELawrence's Comment Recap NQ forced back down to Y-0 as expected. Strong buying defended Y-0 and sent NQ back up to retest Y+1. Closed the week near Y+1 and week high. ...READ MORELawrence's Comment Recap As expected, Canadian dollar consolidated around Y-1 with downside bias. Closed the week around Y-1 and below midpoint. Outlook No strong directional bias because loonie is so close to par level ...READ MORE3DP Odds Table (USDCAD) 2021-10-273DP Odds Table (USDCAD) 2011-05-19Dow 30 Jun 16 to Jun 20 OutlookNasdaq 100 Feb 01 to Feb 05 OutlookIntraday Cycle Projection (USDCAD) 2018-10-11USDCAD Jun 17 to Jun 21 OutlookDow 30 Apr 23 to Apr 27 Outlook3DP Odds Table (USDCAD) 2014-03-193DP Odds Table (USDCAD) 2022-02-243DP Odds Table (USDCAD) 2016-11-17
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USDCAD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Target mentioned last week tagged first and then bounced off. Second drop broken Y-1 support level and the downside target Y-2 tagged by the end of the week.
Outlook
Three pushes towards support level implies the current down leg is over. As long as B-1 acts as support, B+1 will like be tagged.
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