Trading Edges That Last
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Lawrence's Comment Recap As expected intervention triggered. But at least half of that disappeated by Friday close. Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all ...READ MORES&P 500 Dec 26 to Dec 30 OutlookIntraday Cycle Projection (USDCAD) 2016-02-09Precog Vision – Forex 2021-7-21Intraday Cycle Projection (USDCAD) 2016-04-18Precog Vision – Forex 2011-3-8Intraday Cycle Projection (USDCAD) 2020-10-21Intraday Cycle Projection (USDCAD) 2011-11-02USDJPY Aug 08 to Aug 12 Outlook3DP Odds Table (USDCAD) 2023-01-02Dow 30 Oct 11 to Oct 15 Outlook
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USDCAD Aug 03 to Aug 07 Outlook
Lawrence’s Comment
Up trend line on 4 hour breached early in the week. This led to Y-1 and a test of the wide range bar below where the breakout started 2 weeks ago. Shorts scrambled to cover on this first opportunity to scratch their trades. Closed the week back up near Y+1 and week high.
Outlook
Weekly up trend intact with more upside expected. I will not be surprised if BOC will intervene (like jawboning) if 1.32 is breached.
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