Trading Edges That Last
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Lawrence's Comment Recap A very funny week across all major pairs including this pair. The drift up early in the week is the classic 3 Pushes Up move to tag ...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 ripped thru resistance zone and went straight up for days. Classic blowoff top type action. Almost tagged Y+2 and stalled. Closed the week near week ...READ MOREIntraday Cycle Projection (USDCAD) 2016-04-12Intraday Cycle Projection (USDCAD) 2021-11-30GBPUSD Apr 16 to Apr 20 OutlookIntraday Cycle Projection (USDCAD) 2014-10-13Hot n Cold (USDCAD) 2019-2-8Precog Vision – Forex 2016-3-24S&P 500 May 13 to May 17 OutlookEURUSD Jul 04 to Jul 08 OutlookIntraday Cycle Projection (USDCAD) 2011-04-20Weekly Cycle Projection (USDCAD) 2016-02-22
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USDCAD Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Sold off as expected. But unlike Aussie, Loonie snapped out of the selling with a sharp bounce back up to its weekly midpoint.
Outlook
As Y-1 and B-0 acted as resistance so far, the downtrend is still intact. A retest of B-1 is likely.
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