Trading Edges That Last
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Lawrence's Comment Recap Upside breakout got Y+3 target quickly. Y+3 turned into support and sent this higher. Stop run took over and cleared 1.37. Closed the week above Y+5 and at week ...READ MORELawrence's Comment Recap Started the week holding Y-0. Upside breakout tagged target Y+2 and stalled. Struggled to hold Y+1 since. Closed the week above Y+1 and near midpoint. Outlook 1.13 and above ...READ MORELawrence's Comment Recap Behaved like euro, cable simply failed to hold Y-1 and dropped to below Y-2 and stopped when 100% absolute range expansion was completed. Closed the week at ...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 Similar to Dow, ES moving lower as expected. Tagging both 1st target of Y-2 and 2nd target of Y-3 in one go was a present surprise. The bounce ...READ MOREPrecog Vision – Forex 2022-4-20Precog Vision – Forex 2016-5-3USDCAD Dec 14 to Dec 18 Outlook3DP Odds Table (USDCAD) 2017-07-19USDCAD Oct 20 to Oct 24 OutlookGBPUSD Nov 28 to Dec 02 OutlookPrecog Vision – Forex 2018-3-12USDJPY Dec 12 to Dec 16 OutlookS&P 500 Apr 16 to Apr 20 OutlookIntraday Cycle Projection (USDCAD) 2018-07-12
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Lawrence’s Comment
Loonie breaking above Y+1 giving us immediate target of Y+2. Tagging Y+2 was all it got as it is still trapped inside the same multiple weeks range mentioned last week. Great fade on that one and quickly dropped back to Y-0. Closed the week near Y+1 and at midpoint.
Outlook
Very interesting development here. Finally a sign that Loonie may snap out of its tight range is in play.
The likely direction is to the downside because Y+2 was promptly rejected giving us the potential of running back down to Y-1.
As long as Loonie topping out near B-0 / Y+1 zone and breaking below that, a run to Y-1 / B-2 is likely.
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