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Lawrence's Comment Recap Bottom side of the gap range (12400-12900) mentioned last week was tested and decidely rejected. Closed the week above previous week close. Outlook As long as B-0 acts as ...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 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 Out of the 3 indices, ES is the worst offender among them in trapping the bears. Gap higher to start the week and drifted lower into FOMC announcement. Then ...READ MORE3DP Odds Table (USDCAD) 2019-06-133DP Odds Table (USDCAD) 2023-05-023DP Odds Table (USDCAD) 2015-12-14Dow 30 Jul 16 to Jul 20 OutlookPrecog Vision – Forex 2020-7-14Precog Vision – Forex 2017-7-7Weekly Cycle Projection (USDCAD) 2019-02-04GBPUSD Jan 02 to Jan 06 OutlookS&P 500 Dec 23 to Dec 27 OutlookGBPUSD May 07 to May 11 Outlook
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USDCAD Aug 06 to Aug 10 Outlook
Lawrence’s Comment
Loonie is the odd pair this week as it is not moving with the other majors as US dollar strengthen. Since gold is all over the place last week, that is not a good reason why this pair sits at par all week. Closed the week below midpoint and Y-1.
Outlook
The par level has to hold for US dollar to stand a chance in gaining strength over Loonie. Next level lower is 0.98 and then not much support until 0.92.
Still bullish on this pair so I will be patient waiting for a longer term bottom to form first before I jump in. Signs that we get the bottom is that we see a strong rally from this area going up above B+3 quickly and that B+1 / B-0 turning into strong support.
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